Australia’s household income recession enters 7th year

Friday 6 September 2019

The June quarter national accounts, released Wednesday, was another sobering experience for Australian households.

Yesterday, the Reserve Bank of Australia (RBA) released real household disposable income (HDI) data, derived from the June quarter national accounts, which revealed that real per capita HDI fell by 1.0% over the year.

The next chart tracks quarterly real per capita HDI:

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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.