Aussies now have more disposable income, study shows

Mozo

Wednesday 02 May 2012

A lot of people may find it very hard to believe, but Aussies now have far more disposable income than they did in the past.

Many households have berated the rising cost of living down under and plenty of Aussies have been forced to tighten their grip on their debit cards.

However, the latest AMP.NATSEM Income and Wealth Report has shown that increasing levels of income are still outpacing hikes in the cost of living.

Although some Aussies are left with precious little once they have paid all of their bills each month, the research indicated that the average disposable income has shot up by 20 per cent in the past 27 years.

To put it another way, an Aussie family is said to be $224 per week better off than they were in 1984.

AMP Financial Services managing director Craig Meller said the type of things that people are spending their money on these days are very different.

"Many Australians are leading busier lives and facing greater demands on their time, which means we're now paying for things we may not have previously, such as childcare, gardening and housekeeping," he remarked.

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Aussies now have more disposable income, study shows

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