Original article by John Kehoe
The Australian Financial Review – Page: 3 : 14-Mar-25

Recently published national accounts data revealed that real household disposable income per person has fallen 7.9 per cent since just before the May 2022 federal election. Analysis of this data by the Coalition has led it to conclude that households have $19,000 less disposable income to spend a year than before Labor came to power, with shadow treasurer Angus Taylor saying that even Treasurer Jim Chalmers’ figures suggest it will be at least 2030 before people will be as well off as they were before Labor came to power. However, Australian National University economist Ben Phillips says pandemic-era stimulus meant living standards were not as bad as suggested by Taylor, with Phillips saying real household disposable income per person was similar over the five years to 2024 to what it was under the Coalition for the five years before the pandemic.

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AUSTRALIAN NATIONAL UNIVERSITY