There’s a reason you’re feeling no better off than 10 years ago. Here’s what HILDA says about well-being
During the election campaign then-opposition leader Bill Shorten repeatedly claimed that everything was going up.
“Childcare is up 28%, out of pockets to see the doctor up 20%, specialists … up nearly 40%,” he said. And then the punchline: “everything is going up, except your wages.”
Statistically, it wasn’t true. The official rate of inflation was just 1.3%. The official rate of wage growth was 2.3%.
I haven’t asked him, but I wouldn’t be surprised if he kept saying it because his focus groups told him that’s what people felt…
SOURCE: Peter Martin. “There’s a reason you’re feeling no better off than 10 years ago. Here’s what HILDA says about well-being” The Conversation, July 30, 2019.
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