Original article by Jack Quail, Simon Benson
The Australian – Page: 1 & 4 : 19-Feb-25

The Reserve Bank of Australia now expects growth in real household disposable income of just 3.1 per cent in the year to June; it had previously forecast growth of 3.9 per cent for this metric, which is regarded as a proxy for living standards. The central bank estimates that real household disposable income per capita is about one per cent lower than prior to the pandemic. Meanwhile, shadow treasurer Angus Taylor says the federal government’s own forecasts show that the nation’s living standards will not return to the levels prior to the last election until 2030.

CORPORATES
RESERVE BANK OF AUSTRALIA, LIBERAL PARTY OF AUSTRALIA