Income distribution

While I understood that the GFC had affected household wealth, I had not realised that the GFC had also affected household income for all but the poorest households. Note: the data in the following charts is for financial years, which I have plotted as a point in the middle of the financial year. Data is only available for a selection of years.

And just for contrast, attached is a look at the personal (rather than household) income distribution from the 2009-10 financial year. The chart is for total income rather than taxable income. It covers around 12.4 million tax form lodgers. Of note, while some 9.2 per cent of tax form lodgers have a total income of less than $6001; around 26.6 per cent have a taxable income less than this amount.

The 25th percentile was in the $15,001-$20,000 income bin. The 50th percentile was in the $35,001-$40,000 income bin. The 75th percentile was in the $60,001-$70,000 income bin. The 90th percentile was in the $90,001-$100,000 income bin. 97 per cent of individual tax form lodgers earnt less than $150,000 in 2009-10.