New data has exposed a ‘radical reversal’ of equality in Australia. 

Inequality has been “on steroids” in Australia over the last decade, according to a new report. 

The data reveals that the bottom 90 per cent of Australians receive just 7 per cent of economic growth per person since 2009, while the top 10 per cent of income earners reap 93 per cent of the benefits.

The data also shows a radical reversal on the long term trend from the period between 1950-2009 in Australia.

Australia is now a global outlier in the maldistribution of gains from economic growth, falling behind the EU, US, UK, China and Canada.

The research will increase pressure on the Government to reconsider the Stage 3 tax cuts before the next election, which mostly benefit the top 10 per cent of income earners.

The full report is accessible here.