Treasury research found most severe poverty is ‘particularly entrenched’, but children far more likely to progress than in US
will have little more than a 10% chance of becoming top income earners in their lifetime, according to new Treasury research.
The report found that “poverty in the bottom decile is particularly entrenched”, a conclusion likely to add to calls to combat disadvantage through measures including raising the rate of jobseeker. In Australia greater income mobility was driven by a strong labour market and education, with children in the mining states of Western Australia and Queensland particularly benefiting from high-paying jobs.
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