Six more measures of Australia’s declining living standards

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The typical full-time worker is paying 46 per cent of their earnings as mortgage repayments, up from 32 per cent in 2022.
Real net disposable income per capita declined by $954 between 2022 and 2024.
There are 100,000 more Australians working multiple jobs in December 2024 compared to June 2022. The total number as of December 2024 tipped over one million for the first time.
Price level rises in food and drink (+12%), gas and other household fuels (+33%), rents (+17%), and insurance (+35%), all exceeded wages growth (+10%) between June 2022 and December 2024.
Total federal taxation revenue per person increased by 17% between 2021-22 and 2023-24 to $24,000.
When gross federal government debt hits $1.02 trillion in 2025-26, each Australians share will be approximately $36,400, up from $34,100 in 2024-25 and $33,300 in 2023-24.

Lachlan Clark was a Research Fellow at the Institute of Public Affairs.

Morgan Begg is the Director, Research at the Institute of Public Affairs

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