The Reserve Bank of Australia (RBA) yesterday released real household disposable income (HDI) data, derived from the March quarter national accounts (released Wednesday), which revealed that real per capita HDI was flat over the quarter and was down by 0.1% over the past year (see next chart).
As shown above, Australian households are experiencing the biggest income shock since the early-1990s recession, with per capita real HDI falling since June 2012, down 0.9% over that period.
