If you’ve been feeling poorer over the last decade, this graph explains why

Have a look at the graph below.

It shows what happened to real household disposable income in Australia between 1992 and 2020.

You’ll see three distinct periods.

The dotted lines mark the average growth rate in everyone’s disposable income in each period.

As you can see, between 2013 and 2020 there was virtually no increase in average household disposable income.

Did you feel like your take-home pay was stagnating years before the current recession?

You weren’t imagining things.

Unfortunately, that stagnation is going to continue. But more on that later.

Australia’s dog days

Professor Ross Garnaut, a professorial research fellow…