Published: September 06, 2018
Incomes are not growing at a level that lets households keep spending without eating into savings
The latest GDP figures show the continued poor return households are getting from a strong economy. While company profits soar, real household incomes continue to fall. As a result, we have reduced our savings to keep spending at a level that sees the economy running along stronger than it has for more than five years.
Related: Weak investment and household spending are a worry for the new treasurer | Greg Jericho
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