WEEK+9+-+STIMULUS+Challenge

Percentage Income Share for Income Quintiles, Australia 1995-2004 (Source: ABS)
 * **//Disposable Income Quintile //** || **//1995-96 //** || **//1997-98 //** || **//1999-00 //** || **//2003-04 //** ||
 * **//Lowest //** || 8.1 || 7.9 || 7.7 || 8.2 ||
 * **//Second //** || 13.0 || 12.8 || 12.6 || 13.1 ||
 * **//Third //** || <span style="display: block; background-color: rgb(255,252,0); text-align: center;">17.7 || <span style="display: block; background-color: rgb(255,252,0); text-align: center;">17.7 || <span style="display: block; background-color: rgb(255,252,0); text-align: center;">17.6 || <span style="display: block; background-color: rgb(255,252,0); text-align: center;">17.9 ||
 * **//<span style="display: block; background-color: rgb(255,252,0); text-align: center;">Fourth //** || <span style="display: block; background-color: rgb(255,252,0); text-align: center;">23.9 || <span style="display: block; background-color: rgb(255,252,0); text-align: center;">23.8 || <span style="display: block; background-color: rgb(255,252,0); text-align: center;">23.6 || <span style="display: block; background-color: rgb(255,252,0); text-align: center;">23.3 ||
 * **//<span style="display: block; background-color: rgb(255,252,0); text-align: center;">Highest //** || <span style="display: block; background-color: rgb(255,252,0); text-align: center;">37.3 || <span style="display: block; background-color: rgb(255,252,0); text-align: center;">37.9 || <span style="display: block; background-color: rgb(255,252,0); text-align: center;">38.4 || <span style="display: block; background-color: rgb(255,252,0); text-align: center;">37.4 ||
 * **//<span style="display: block; background-color: rgb(255,252,0); text-align: center;">All income units //** || <span style="display: block; background-color: rgb(255,252,0); text-align: center;">100 || <span style="display: block; background-color: rgb(255,252,0); text-align: center;">100 || <span style="display: block; background-color: rgb(255,252,0); text-align: center;">100 || <span style="display: block; background-color: rgb(255,252,0); text-align: center;">100 ||
 * **//<span style="display: block; background-color: rgb(255,252,0); text-align: center;">Gini coefficient //** || <span style="display: block; background-color: rgb(255,252,0); text-align: center;">0.296 || <span style="display: block; background-color: rgb(255,252,0); text-align: center;">0.303 || <span style="display: block; background-color: rgb(255,252,0); text-align: center;">0.310 || <span style="display: block; background-color: rgb(255,252,0); text-align: center;">0.294 ||

Your task is to leave your analysis of the above piece of stimulus by next Monday. When writing your comment think about the following question: What does the table tell you about Income inequality in Australia in the given periods? //**
 * //<span style="color: rgb(255,0,21);">

Record your analysis underneath. Please be careful not to delete anyone else's response. Record your name with your response.

__Ms Walker__ - the table illustrates that Australia experiences a high degree of income inequality. The lowest quintile of households received 8.2% of total disposable income in 2003-04, whereas the highest quintile received 37.4% of total disposable income.

<span style="color: rgb(128,0,128);">__Alison Masini :) -__ This table examplifies the extent of income inequality Australia had experienced between 1995- 2004. In 2003-04 the lowest quintile of households recieved 8.2% of total disposable income, compared to the highest quintile recieving 37.4 of total disposable income. This represents the the high extent of income inequailty in Australia. <span style="color: rgb(0,0,0);"> __Robert Borg__ - This table shows that minimal improvement has occurred in Australia's income distribution. In 1995-1996, the Gini coefficient was 0.296 while in 2003-2004, the Gini coefficient was 0.294, which is an insignificant change. Also, the lowest quintile of households received only around 8% of total disposable income, while the highest quintile recieved around 37%. Therefore, a high level of income inequality existed within the Australian economy during this time period.

__Ashleigh Pontifex -__<span style="color: rgb(221,87,244); font-family: 'Arial Black',Gadget,sans-serif;"> This table displays current and past trends in the distribution of disposable income amongst the five income quintiles from 1995 to 2004. In displaying this distribution, the inequality amongst these groups within society is coherently evident with there being a 29.2 difference between the highest and lowest quintiles in 2004. This particular statistic emphasises that no improvement has been made from the disparity recorded in 1995.

__Robert Calarco-__ This table shows the income inequality in Australia during the period of 1995 and 2004. Throughout this period the highest quintile recieved the highest amount of total disposable income with the percentage of disposable income income staying in the high 30's. This represents that in Australia there is a high level of income inequality in Australia. The fact that there has been minimal change during the period reveals that there has been minimal improvement to the inequality of income in Australia.

//__Ralph Lerion__:// The table presents the income inequality in Australia within 1995 and 2004. The Gini coefficient values recorded from 1995 to 2000 illustrates a minor increase in income inequality. The Gini coefficient recorded in 2003 - 2004, 0.294, shows minimal improvement in contrast with that of 1995 to 96; with a 29.2 percentage difference from the highest and lowest quintiles in 2003 to 2004, high income inequality remains a sustaining issue in Australia.

__Helen Said__ This table demonstrates a slight change in the distribution of income from 1990-00 to 2003-04. This is shown through a slight decrease in the proportion of income received by the fourth and highest quintiles, with the highest quintile decreasing from 38.4% to 37.4% of income and the lowest, second and third quintiles each experiencing an increase in the proportion of income received, most significantly evident in the second quintile increasing from 12.6% to 13.1% of total income. This displays, a slight decrease in the level of income inequality in Australia during this period, which is also identified through the slight decrease in the Gini coefficient from 0.310 to 0.294, but this is still large, and remains an issue of concern in the Australian economy.