ABS: real household disposable income falling

Wednesday 13 September 2017

From today’s ABS Household Income and Wealth survey for 2015-16 comes yet more evidence that real household income has fallen over recent years:

According to this survey, mean equivalised household disposable income, which measures material living standards by adjusting household disposable income for the household’s ‘needs’, fell by 1.9% in the two years to 2015-16, whereas mean gross household income fell by 0.9% over the same period.

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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.