In search of the « middle-class Australian » ?
A look at culture and lifestyle trends, and attitudes to financial security and retirement in Australia.
Social mobility in Australia has meant that notions of social class have been disrupted. The term ‘middle class’ is used to describe almost everyone in Australia, but few can define what it means or what a middle-class lifestyle really looks like today.
Meanwhile, the terms ‘lifestyle’ and ‘standard of living’ are often used interchangeably, and in a property market where the median house price in Sydney is more than a million dollars, no one really knows what qualifies you as ‘rich’ or ‘wealthy’ anymore.
Based on a survey of 2,000 Australians, this white paper reveals where Australians believe they sit on the socioeconomic strata and their expectations for how they should live.
