A household income survey has found that disposable income growth has slowed considerably since 2009, according to Sky News business reporter Edward Boyd. The HILDA survey found much of the reason for the reduction is slowed wage growth. Wage growth is at 2.2 per cent per year, however, inflation is at 2.1 per cent currently and the two cancel each other out. The survey found disposable income had only grown six per cent from 2009 to 2017 - a sharp decline from the 28 per cent growth from 2001 to 2009.

Post a Comment