There is a widespread view that the middle class in Australia is doing it tough, that they are finding it increasingly difficult to maintain a decent standard of living and are suffering from mortgage stress. Indeed, some media reports have announced the end of the middle class dream. This paper tests a number of these popular views against the statistical data. It asks whether the typical Australian family can be said to be struggling? Are mortgages creating severe problems for middle-class families? Is the middle class shrinking? Are families coping financially only because wives are going out to work?
Recommended CitationHamilton, C.; Downie, C.; and lu, Y. H., The State of the Australian Middle Class, Australasian Accounting, Business and Finance Journal, 2(3), 2008.