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Yesterday’s national accounts for the December quarter showed that Australian households are still bulging with savings.
Aussie households banked a whopping $44.6 billion in Q4 – equivalent to 8.0% of national GDP:
Over the seven quarters since the pandemic began, Australia’s households have banked an extraordinary $372 billion – a massive increase from the $132 billion saved in the sseven quarters prior:
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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.