27 October 2020
1300 794 893
Subscribe

ABS makes huge upward revisions to household incomes

ABS makes huge upward revisions to household incomes

Christopher Joye
2 December 2010

In the National Accounts today, the ABS has made some very large upward revisions to household incomes. Household disposable income growth has accelerated to 6.4 per cent year-on-year – it was 1.9 per cent year-on-year previously – and real household disposable income growth has accelerated by two per cent year-on-year to 4.3 per cent year-on-year – it was -0.2 per cent year-on-year previously. This will help boost consumption growth. Have a look at the impact of these revisions (blue line) in the following chart from ANZ's Paul Braddick on the household debt service ratio (that is, interest repayments as a share of disposable incomes) …

Important information: This content has been prepared without taking account of the objectives, financial situation or needs of any particular individual. It does not constitute formal advice. For this reason, any individual should, before acting, consider the appropriateness of the information, having regard to the individual’s objectives, financial situation and needs and, if necessary, seek appropriate professional advice.

Related articles



Click here to subscribe to the Switzer TV channel on YouTube and keep up to date with all of our shows.

Comments
Get the latest financial, business, and political expert commentary delivered to your inbox.

When you sign up, we will never give away or sell or barter or trade your email address.

And you can unsubscribe at any time!
Subscribe
1300 794 893
© 2006-2020 Switzer. All Rights Reserved. Australian Financial Services Licence Number 286531. 
homephoneenvelopedollargraduation-cap linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram