Australians have endured the largest cost-of-living shock in modern history. The following chart deflates the Australian Bureau of Statistics’ (ABS) official wage price index against the ABS’ cost of living index for employee households. On this measure, Australian real wages in Q4 2024 were tracking 10.1% below the peak at around Q1 2012 levels. The
The post Cost of living crisis forces Aussies to work multiple jobs appeared first on MacroBusiness.