65 Percent of Australian ‘Xennials’ Earn More than Their Parents

A report by the Productivity Commission showed that each generation, on average, earned higher individual incomes than the previous generation at a given age.

People flock to Pitt Street Mall in Sydney, Australia, on Dec. 26, 2022. Roni Bintang/Getty Images

Australians aged 42–48 are more likely to have a higher income than their parents compared with other generations, new data has shown.

The Productivity Commission has released a new report (pdf) illustrating the changes in Australians’ income over their life course and in relation to their parents’ income in recent years.