Economic Trends
Financial Factors affecting Parents
Average Wage Data
Wage Growth
Key Insights
Year: 2010 —> 2024 |—| Avg Wage Growth
Private Sector: 3.2% ––> 3.8% |—| 0.6% Increase ↑
Public Sectors: 4.1% ––> 3.6% |—| 0.5% Decrease ↓
Unemployment Data
Unemployment Rate
Key Insights
Years: 2015 —> 2025 |—| Avg Unemployment Rate
Seasonally Adjusted: 6.0% ––> 4.1% |—| 1.9% Decrease ↓
Trends: 6.0% ––> 4.1% |—| 1.9% Decrease ↓
Minimum and Maximum Rates
Seasonally Adjusted:
2015: min 5.7% |—| max 6.3% |—| Difference of 0.6%
2025: min 4.0% |—| max 4.1% |—| Difference of 0.1%
Trend:
2015: min 5.8% |—| max 6.1% |—| Difference of 0.3%
2025: min 4.0% |—| max 4.1% |—| Difference of 0.1%
Education Outcomes
Student Performance and Attentance
Preschool Data
Parent’s Financial Difficulties VS Student Performance
Preschool Attentance
Key Insights
Attending 1-359 hours: 7,925 children
Attending 600+: 31,630 children
23,705 more children attending more than 600 hours of preschool.
Apparent Retention Data
Year 7-12
Key Insights
Years: 2014 —> 2024 |—| Apparent Retention Rate
Males: 80% ––> 76.4% |—| 3.6% Decrease ↓
Females: 87.4% ––> 83.5% |—| 3.9% Decrease ↓
Persons: 83.6% ––> 79.9% |—| 3.7% Decrease ↓
References
Khadeeja Ali (s4097094)
Data Sources
DATA SOURCES:
Aslam, S. (2024). Student Performance Element. Kaggle.com. https://www.kaggle.com/datasets/zeesolver/student-performance-element/data?select=StudentPerformanceFactors.csv
Australian Bureau of Statistics. (2024a). Preschool Attendance, 2024. Australian Bureau of Statistics. https://www.abs.govdlkjd.au/statistics/people/education/preschool-attendance/2024
Australian Bureau of Statistics. (2024b). Schools. Australian Bureau of Statistics; Australian Bureau of Statistics. https://www.abs.gov.au/statistics/people/education/schools/latest-release
Australian Bureau of Statistics. (2025a, May 14). Wage Price Index, Australia. Www.abs.gov.au; Australian Bureau of Statistics. https://www.abs.gov.au/statistics/economy/price-indexes-and-inflation/wage-price-index-australia/latest-release
Australian Bureau of Statistics. (2025b, May 15). Labour Force, Australia. Australian Bureau of Statistics. https://www.abs.gov.au/statistics/labour/employment-and-unemployment/labour-force-australia/latest-release
Notes
The data was collected from the Australian Bureau of Statistics, an official government website.
One of the dataset’s was collected from ‘kaggle’, a website where data is available to download for the public.
Resource Access: Higher-income families can afford educational resources such as tutoring, technology and books, that directly improve academic outcomes.
School Quality: Wealthier families often live in areas with better-funded schools, smaller class sizes, and more qualified teachers.
Stress & Stability: Financial insecurity correlates with higher household stress, which can negatively impact cognitive development and focus.
Extracurricular Opportunities: Affluent students more frequently participate in enrichment activities like music, sports and STEM programs, linked to skill development.
Long-Term Educational Attainment: Students from high-income families are 3× more likely to complete university, perpetuating intergenerational advantages (OECD, 2021).