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Shares of overall wealth held by the lowest 40%, middle 50% and highest 10% around 2018 (%)

Wealth inequalityInequalityInequality
Source: OECD (2021) Inequalities in household wealth and financial insecurity of households, OECD Policy Insight. Note: Households are ranked according to wealth.

The level of wealth inequality in Australia around 2018 (before the pandemic) was somewhat below the average among 28 wealthy nations surveyed by the OECD. The highest 10% of households ranked by wealth held approximately 45% of all wealth in Australia compared with an OECD average of approximately 50%.

The high level of home ownership and housing wealth in Australia is a major reason for this.

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