Australia’sfall in disposable income is the worst in the world
Michael ReadEconomics correspondent
Aug30, 2024 – 4.56pm
Australian householdsexperienced the largest fall in disposable incomes across the OECD over thepast two years, and economists forecast it will take another two years forpurchasing power to recover to pre-pandemic levels.
But it's always someone else's fault. It was Scomos for three years; now, it's the RBA. The problem is that it's our problem.
Dim Jim just admitted the economy would be in a recession without Government spending. I think that suggests the government's policies DON'T WORK.
He and is greenie numbskull mates have increased the cost of everything with no increased productivity. They have driven up power and regulation. They have presided over mass record immigration during a housing crisis. People are starting to run out of money with high costs. A lot of peoples money is being poured into rents and debt to stay afloat. These people have never understood economics. They only understand ideology. We will get more debt, more divided, more people, higher costs, more union problems, less output, and more regulation. They stand for fat inefficient govt. That never works. Centralised small-thinking govts always screw up. This one is clearly rooted.
