Original article by David Uren
The Australian – Page: 1 & 2 : 12-Apr-16

Australian households’ disposable income rose by 22 per cent during the last five years of the government of former prime minister John Howard. However, data from the Australian National University’s Centre for Social Modelling shows that household income has barely grown in the last five years, when factors such as inflation and population growth are taken into account. Meanwhile, the household savings rate has fallen from 11 per cent of income to 7.6 per cent over this period.

CORPORATES
AUSTRALIAN NATIONAL UNIVERSITY. CENTRE FOR SOCIAL MODELLING, WESTPAC BANKING CORPORATION – ASX WBC, AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIAN LABOR PARTY, AUSTRALIAN BUREAU OF STATISTICS