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Household Wealth in Australia: Evidence from the 2014 HILDA Survey

Author

Listed:
  • Paul Ryan

    (Reserve Bank of Australia)

  • Tahlee Stone

    (Reserve Bank of Australia)

Abstract

This article uses data from the Household, Income and Labour Dynamics in Australia (HILDA) Survey to assess how the distribution of wealth changed for Australian households between 2010 and 2014. Average household wealth increased modestly over the period, driven mainly by growth in the value of financial assets, most notably superannuation. The growth of housing wealth was slow in comparison, particularly in Queensland and Western Australia. While most of the changes in wealth were broadly based across households, wealth increased more rapidly for those residing in New South Wales and for retired households who have large holdings of superannuation and equity assets.

Suggested Citation

  • Paul Ryan & Tahlee Stone, 2016. "Household Wealth in Australia: Evidence from the 2014 HILDA Survey," RBA Bulletin (Print copy discontinued), Reserve Bank of Australia, pages 1-8, June.
    • Handle: RePEc:rba:rbabul:jun2016-01
    as

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    File URL: https://www.rba.gov.au/publications/bulletin/2016/jun/pdf/bu-0616-1.pdf
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    References listed on IDEAS

    as
    1. Richard Finlay, 2012. "The Distribution of Household Wealth in Australia: Evidence from the 2010 HILDA Survey," RBA Bulletin (Print copy discontinued), Reserve Bank of Australia, pages 19-27, March.
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    Cited by:

    1. Maximilian Longmuir, 2021. "Fair Crack of the Whip? The Distribution of Augmented Wealth in Australia from 2002 to 2018," Melbourne Institute Working Paper Series wp2021n04, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne.
    2. Geoffrey Kingston & Susan Thorp, 2019. "Superannuation in Australia: A Survey of the Literature," The Economic Record, The Economic Society of Australia, vol. 95(308), pages 141-160, March.

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