There's a glimmer of hope in the mid-year budget update, but inflation is still a big challenge
- Written by Stephen Bartos, Professor of Economics, University of Canberra
The federal government knows people are doing it tough. Inflation and interest rate pressures have put the cost-of-living at the forefront of voters’ minds.
As the national accounts data shows, disposable income has fallen. Households have been forced to run down their savings. The household savings ratio has hit its lowest level in 16...
