Coinciding with Anti-Poverty Week last week, the Australian Council of Social Service (ACOSS) released ‘Poverty in Australia Report 2016’.
The report, produced in partnership with the Social Policy Research Centre at the University of NSW, shows that 731,300 children or 17.4 per cent of all children in Australia are living in poverty, an increase of 2 percentage points over the past 10 years (from 2004-2014). The report finds that nearly three million people were living in poverty in Australia in 2014, or 13.3% of the general population. This is despite Australia having enjoyed economic growth over the past 25 years.
The vast majority of people below the poverty line were in rental housing in 2014 (59.7 per cent), with most in private rental housing (44.2 per cent). Only 15.5 per cent of people living below the poverty line were home-owners. The report also confirms that people who are unemployed are at greatest risk of poverty, with 63.2 per cent living in poverty.