Abstract
There is a widespread view that the middle class in Australia is doing it tough, that they are finding it increasingly difficult to maintain a decent standard of living and are suffering from mortgage stress. Indeed, some media reports have announced the end of the middle class dream. This paper tests a number of these popular views against the statistical data. It asks whether the typical Australian family can be said to be struggling? Are mortgages creating severe problems for middle-class families? Is the middle class shrinking? Are families coping financially only because wives are going out to work?
Original language | English |
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Pages (from-to) | 1-25 |
Number of pages | 25 |
Journal | Australasian Accounting, Business and Finance Journal |
Volume | 2 |
Issue number | 3 |
Publication status | Published - 2008 |