Independent economist Chris Richardson published the following chart on Twitter (X) showing that Australia has experienced one of the poorest increases in living standards over the past decade among advanced OECD nations.
“The good news is that Australia’s average has improved since my last update”, Richardson wrote. “The bad news is we still have a big challenge ahead”.
The chart inspired me to conduct an analysis of the growth in real per capita household disposable income—arguably the single best measure of per capita living standards—against other English-speaking OECD nations.
Advertisement
