Can’t Spend; Won’t Spend Says Households As Recession Looms…

We have had a slew of data recently, which tells the true sorry story about Australian Households. While the election campaign was centred on costs of living, the nature of the problem was not explored, nor were the solutions thrown out on the stump addressing the real pain which is out there. For context, the recent ABS data from the Q4 2024 ABS national accounts figures showing that real per capita household consumption fell for eight consecutive quarters, even as real per capita household income has fallen by 8%. This is after adjusting for inflation. And puts Australia way off […]