Aussie households “limp” into 2024

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Westpac’s monthly consumer sentiment survey is out, with Australian consumers limping into 2024 after the biggest annual fall in household disposable income on record:

Real household disposable income per capita

In turn, consumer sentiment will begin 2024 at recessionary levels.

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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.