Australian households experienced the steepest decline in real disposable income among OECD nations from March 2022 to March 2024.

The OECD reports that Australian households have faced the steepest decline in inflation-adjusted disposable income among 19 member nations over the two years leading to March 2024. This drop has forced many Australians to live and spend as if it were 2017, despite rising costs of living. The data illustrates significant economic strain, with households effectively managing a 2020 budget in a challenging financial landscape.

September 08, 2024
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