Since the pandemic first arrived in Australia at the start of 2020, the confidence level of the nation’s households has been an absolute rollercoaster ride.
Confidence fell to the depths of the lows seen during the 1990s recession, then skyrocketed to decade highs as pandemic-driven stimulus boosted the fortunes of households and the broader economy.
With the release of the latest Westpac Consumer Sentiment Index, it was revealed that households held the most positive outlook since 2019, excluding the impact of the pandemic.
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