Daily BulletinDaily Bulletin

The Conversation

  • Written by Sunanda Creagh, Head of Digital Storytelling

Do you feel that, overall, you’re “better off” than you were in the past? Or that things are getting worse, or have plateaued?

We now have the data to get us a pretty good answer to that question, right down to the detail by “family types”, as categorised by the Household, Income and Labour Dynamics in Australia (HILDA) Survey. Starting in 2001, this longitudinal survey now tracks more than 17,500 people in 9,500 households.

The interactive below lets you drag and drop your family members into the house to see what the HILDA data reveal.

Read more: Politicians, stop pitching to the 'average' Australian; being middle class depends on where you live

One measure we’re showing is what economists call “equivalised income”. That’s different to your total household income; here’s how the HILDA report explains it:

how have your family's fortunes changed? Use this drag-and-drop tool to find out Overall, median equivalised incomes have gone up since 2001 for all family types, but some have fared better than others, as this chart from the full HILDA report shows: how have your family's fortunes changed? Use this drag-and-drop tool to find out For the purposes of interpreting the HILDA data, you might need to be a bit flexible when deciding which “family type” applies to you. For example, a household with two single, adult sisters living together will be classified as two single-person “families”, even though they might see themselves as a family unit. And it’s worth remembering, as the HILDA report notes: … some households will contain multiple “families”. For example, a household containing a non-elderly couple living with a non-dependent son will contain a non-elderly couple family and a non-elderly single male. Both of these families will, of course, have the same household equivalised income. Also note that, to be classified as having dependent children, the children must live with the parent or guardian at least 50% of the time. Consequently, individuals with dependent children who reside with them less than 50% of the time will not be classified as having resident dependent children. Read more: Trust Me, I'm An Expert: what the huge HILDA survey reveals about your economic well-being, health and family life Read more: HILDA Survey reveals striking gender and age divide in financial literacy. Test yourself with this quiz

Authors: Sunanda Creagh, Head of Digital Storytelling

Read more http://theconversation.com/interactive-how-have-your-familys-fortunes-changed-use-this-drag-and-drop-tool-to-find-out-100818

Malaysia’s media crackdowns are being driven by an insecure government highly sensitive to criticism

arrow_forward

The Conversation
INTERWEBS DIGITAL AGENCY

Politics

Prime Minister Scott Morrison Interview with Ray Hadley, 2GB

RAY HADLEY: Prime Minister, Scott Morrison, supposed to be on holidays. He's not. He's online. Prime Minister, good morning.    PRIME MINISTER: G’day Ray. Certainly staying very close to every...

Scott Morrison - avatar Scott Morrison

Scott Morrison Covid 19 update

PRIME MINISTER: Good afternoon, everyone. Today I’m joined by Professor Paul Murphy - sorry, Professor Paul Kelly. I’ve got Brendan Murphy still on the brain. You are not far from us, Brendan. B...

Scott Morrison - avatar Scott Morrison

Prime Minister Interview with Ben Fordham, 2GB

FORDHAM: Thank you very much for talking to us. I know it's a difficult day for all of those Qantas workers. Look, they want to know in the short term, are you going to extend JobKeeper?   PRI...

Scott Morrison - avatar Scott Morrison

Business News

Double the interest in eCommerce spaces from businesses after COVID-19 lockdown

Recent lockdown restrictions have emphasised the necessity of an eCommerce function in future-proofing retail businesses. Sydney-based co-working space, Workit Spaces, has seen double the amoun...

Steve Fletcher, National WHSQ Manager at Drake International - avatar Steve Fletcher, National WHSQ Manager at Drake International

Tips for Setting Up an E-Commerce Website

If you are fed up with the 9-5 daily grind and would like to make a living selling products online, setting up an e-commerce website might just be the answer. Many Australians have already freed t...

News Company - avatar News Company

Fifth Dimension: Identified as one of the world’s leading strategic consultancies

Sydney based consulting company, Fifth Dimension, has been recognised for its ground breaking work, receiving a place in the GreenBook Research Industry Trends (GRIT) Top 25 Strategic Consultancie...

Tess Sanders Lazarus - avatar Tess Sanders Lazarus



News Company Media Core

Content & Technology Connecting Global Audiences

More Information - Less Opinion