False
Theme: Prosperous
Dimension: Dynamic economy that shares prosperity
Metrics
- Median equivalised weekly disposable household income
- Net worth per household
Why does this matter
Income or wealth are the economic resources that households use to buy necessary goods and services for a decent living.
Has there been progress
Australian households, on average, have more income and wealth than in the past. Median equivalised disposable household income, an income measure that adjusts for household size, was $959 per week in 2019–20, although experience varies across households. This is after a period of not growing between 2013–14 and 2017–18. Average household net worth has also increased from $514,058 in 2003–04 to $1.4 million in 2021–22.
Last updated