Shockingly, Australia is currently securing itself as a member of the delinquent trends of rising income and wealth inequality. According to the International Monetary Fund (IMF), the Australian community has been able to present itself positively and managed to avoid major consequences of the inequality. This was mostly due to the preservation of the middle class. This action assisted our nation in avoiding the numerous downsides associated with income/wealth inequality. They reacted by saying, ‘Pre-tax incomes of middle class households in Japan, the US and UK have experienced declining or stagnant growth rates in recent years. Australia, Canada and Sweden are important exceptions.’ This quote basically means that the middle class of the
