CBA: Household income still booming

Friday 18 September 2020

This month’s June quarter national accounts reported that aggregate compensation of employees fell by 2.5% over the June quarter driven by a heavy 3.6% decline across the private sector:

Similarly, total wages & salaries fell by 3.3% in the June quarter:

However, household disposable income surged by 2.8% in the June quarter in real per capita terms:

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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.