IMF: Income growth to remain weak for years

Advertisement

By Leith van Onselen

For nearly seven years, MB has argued that Australian households are facing a ‘lost decade’, whereby their incomes stagnate in real terms.

To date, this prediction has proven accurate, given real per capita household disposable income (HDI) has fallen by 0.2% since June 2012:

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:
Cancel at any time through our billing provider, Stripe
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.