Australian disposable incomes soar to record highs
Australian disposable income and individual wealth has risen to hit record highs over the last ten years, new research shows.
According to the Measures of Progress report by the Australian Bureau of Statistics (ABS), in the ten years to 2009, Australians increased their real disposable income by an average of 2.6 per cent a year.
News Limited commented that while the analysis is based on data collected during the global financial crisis – "with ongoing fallout still to be measured" – it nonetheless shows Australia to be one of only a few developed countries where finances remained positive.
Aussies wishing to make the most of their disposable incomes should look to compare term deposits and maximise returns. The ABS report also showed that middle-income earners saw a 46 per cent improvement in average income over the ten years to 2009 while low-income earners experienced a 41 per cent rise.
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