As millions of people around the world lost their jobs, billionaires increased their wealth by 27.5% between April and July.
Good morning, early birds. Christian Porter, Scott Morrison, Angus Taylor and George Christensen haven't missed a beat despite making national headlines for all the wrong reasons, and new research shines a light on Australia's wealth gap. It's the news you need to know, with Chris Woods.
A new global wealth report has confirmed that Australian money is once again going to the wealthy, as our world ranking and GDP per adult continue to tumble.
Measured by income, most Australians have never had it so good. But some groups are falling dramatically behind. Peter Whiteford warns of the dangers of residualising the poor at Inside Story.
Australians are surprisingly wealthy, and are we underestimating the evil of cats?
The way we spend our money tells the economy what type of world we want. So is splurging it on champagne really the right message? These rich kids are happy to show it off.
Super tax concessions are rich people's welfare, and those protesting against reform are just protecting their own interests. When will a government have the guts to rein in these subsidies for the wealthy?