Australian households’ nine year income recession

Friday 5 June 2020

The March quarter national accounts, released on Wednesday, was another shocker for Australian households.

As already reported, real average compensation per employee declined by 0.8% in the March quarter and is now 3.5% lower than March 2012:

Yesterday, the Reserve Bank of Australia’s released further data, derived from the national accounts, showing that real per capita household disposable income (HDI) has experienced zero growth since December 2011:

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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.