Income mobility: Australia provides more opportunity than the US to scale the income ladder

New Treasury research shows that Australian adults in their early 40s are significantly more likely than their US counterparts to climb from the bottom rungs to the top of the income ladder.

Social Fact: However it doesn’t indicate the level of opportunity and equality that exists moving forward. Better than America is a meaningless standard in 2023.

America may bill itself as the land of opportunity, but new treasury research says Australians are more likely to climb the socio-economic ladder from poverty to relative wealth.

Source: Income mobility: Australia provides more opportunity than the US to scale the income ladder