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The 2021 Household Income and Labour Dynamics in Australia (HILDA) survey was released last week, which follows the lives of more than 17,000 Australians each year.
A key finding from this year’s report is that real median household disposable income in 2019 ($84,243) was virtually unchanged from 2009 ($83,370):
Thankfully, the situation has improved over the pandemic. Thanks to the massive stimulus dolled out by our governments, the ABS’ quarterly measure of household disposable income has surged by 5.4% since March 2020, which follows eight years of stagnation:
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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.
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