HILDA has conducted a Household, Income and Labour Dynamics survey targeting Australians and what it has shown has not been much of surprise.
With respect to families, those that are single parented are still the most fragile, economically disadvantaged and difficult to manage. In fact, many of these single parent families are most regularly required to go without daily essentials to survive. Many of these families have commented that they have gone without essential items or services numbering three or more within the past year. Another concern is that the utilisation of childcare has dropped from 52 per cent to 35 per cent due to the prohibitive cost.
These single parent families have seen their median incomes decrease by $2,000 from $38,000 in 2016 to $3600 in 2020. A concerning trend considering the rise in the cost of living during that time.
Social and Welfare groups are concerned with these findings and believe a strong focus should be placed on why these families well being is going down.
On the other side of the fence, research also shows that Australians are more well off than they were 18 years ago with average household net worth increasing to almost $1 million.
With regards to the workplace, the number of woman in the workforce has increased from 65 per cent in 2011 to 73 per cent in 2020. Men are still earning more than women with the latest figures showing that men are earning on average $444 more than women.
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