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Global Finance: Sydney Gini coefficient index highest in all states

For the Poor Charity Box (Flickr/ Steven Depolo)

For the Poor Charity Box (Flickr/ Steven Depolo) Source: Flickr/ Steven Depolo

Sydney has emerged as Australia's most unequal major city with the richest 1 per cent of earners snaring more than 11 per cent of all the income with gini coefficient index scores 0.491, which indicates Sydney wealth distribution is highly imbalance. Ivan interviews Brian Pun, Senior Analysis from Morgans, to give us a full understanding of Gini coefficient index, and what is actually causing Sydney to score the highest rate across all states.


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By Ivan Leung

Source: SBS



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Sydney has emerged as Australia's most unequal major city with the richest 1 per cent of earners snaring more than 11 per cent of all the income with gini coefficient index scores 0.491, which indicates Sydney wealth distribution is highly imbalance. Ivan interviews Brian Pun, Senior Analysis from Morgans, to give us a full understanding of Gini coefficient index, and what is actually causing Sydney to score the highest rate across all states.



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