What is income mobility and why does it matter?

SBS News In Depth

Australia has ranked among the top countries globally for income mobility as more people out earn their parents. According to a government report, around two thirds of Australians born between 1976 and 1982 outperformed their parents on income at a comparable age. But that's increasingly not the case for those in poverty, women, and those born after 1990 - many of whom entered the workforce as adults as the economy dramatically slowed following a global event.