The AFR has truly jumped the shark today, spruiking that Australia’s income recession is over and that our standard of living has soared to record highs:
A mix of high resource prices and rising wages have helped Australia dig itself out of an income recession and reach a record standard of living as measured by disposable income per person.
Real disposable income per capita rose 1 per cent in the June quarter and 2.7 per cent over the year to $59,258 – well above the Organisation for Economic Co-operation and Development average of $44,845…
