Macrobusiness<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"Interesting chart from Stephen Letts at the ABC: Household consumption is growing at a faster rate than disposable income, with savings rates (net savings \/ disposable income) falling. This is clearly unsustainable. Savings rates, which include compulsory super contributions, fell to just 1.0% in Q2, with savings outside of super being rapidly eroded. That relationship … <\/p>\n
Continue reading “Australian households are spending more than they are earning | ABC”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[40,3761],"tags":[290,1041,2645,3912],"class_list":["post-17022","post","type-post","status-publish","format-standard","hentry","category-australia-nz-countries-regions","category-gdp-and-activity","tag-australia","tag-disposable-income","tag-personal-consumption","tag-savings-rates"],"yoast_head":"\nAustralian households are spending more than they are earning | ABC - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Australian households are spending more than they are earning | ABC - the patient investor\" \/>\n<meta property=\"og:description\" content=\"Interesting chart from Stephen Letts at the ABC: Household consumption is growing at a faster rate than disposable income, with savings rates (net savings \/ disposable income) falling. 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After a sharp\u2026","rel":"","context":"In "GDP and Activity"","block_context":{"text":"GDP and Activity","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/gdp-and-activity\/"},"img":{"alt_text":"Retail Sales\/CPI","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2022\/2022-03-16-retail-cpi.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2022\/2022-03-16-retail-cpi.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2022\/2022-03-16-retail-cpi.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2022\/2022-03-16-retail-cpi.png?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":18830,"url":"https:\/\/thepatientinvestor.com\/index.php\/2019\/09\/06\/australia-the-elephant-in-the-room\/","url_meta":{"origin":17022,"position":4},"title":"Australia: The elephant in the room","author":"Colin Twiggs","date":"September 6, 2019","format":false,"excerpt":"June quarter real GDP growth slowed to an annual 1.4%, the lowest since the 2008 global financial crisis (GFC). Major contributors to growth are household consumption, public demand and exports; while the biggest handbrake is investment. A quick look at the RBA chart shows that consumption is slowing but at\u2026","rel":"","context":"In "Australia & NZ"","block_context":{"text":"Australia & NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":19609,"url":"https:\/\/thepatientinvestor.com\/index.php\/2020\/01\/11\/australia-bearish-apart-from-mining\/","url_meta":{"origin":17022,"position":5},"title":"Australia: Bearish apart from mining","author":"Colin Twiggs","date":"January 11, 2020","format":false,"excerpt":"Household disposable income lifted in response to the recent tax cuts but households remain risk-averse, with consumption still falling and extra income going straight to debt repayment \u2014 reflected by a jump in the Saving ratio below. Housing prices are recovering despite high levels of mortgage stress in the outer\u2026","rel":"","context":"In "Australia & NZ"","block_context":{"text":"Australia & NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/17022","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=17022"}],"version-history":[{"count":6,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/17022\/revisions"}],"predecessor-version":[{"id":17028,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/17022\/revisions\/17028"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=17022"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=17022"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=17022"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}