Claytons recession hits Australian households

Monday, 9 December 2019

Last week’s national accounts data dump for the September quarter was another kick in the teeth for Australian households.

Various measures of incomes revealed that Australian households have experienced near zero growth in real incomes over the past seven years.

First, real per capita wages & salaries nationally are 3.7% below their June 2012 peak:

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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.