Child Poverty Persists Despite Australia’s Wealth

Australia is one of the richest nations in the world, yet 1 in 6 children still grow up in poverty. Rising living costs are pushing struggling families further into hardship, making it difficult to afford essentials like food, fuel, and school supplies. For students, this financial strain can mean missing crucial resources needed for their education.

With school costs increasing, families are forced to make tough choices about where to allocate their limited income. Back-to-school expenses, such as laptops and uniforms, create additional financial pressure. Without adequate support, children from low-income households may fall behind in their studies, limiting their future opportunities.

In 2023, only 73% of public school students completed Year 12, highlighting how financial disadvantage affects educational outcomes. With 9 out of 10 future jobs requiring higher education, missing out on school can significantly impact career prospects. Research suggests that early intervention and tailored support can help students finish their education and access better job opportunities.

Education plays a vital role in breaking the cycle of poverty. Statistics show that 82.7% of people with a university degree had a job in 2024, compared to just 58.8% of those without formal qualifications. Earning potential also increases with education, showing how crucial it is for long-term economic stability.

Source: Australian Financial Review, Valuing Children Initiative, BCEC