Economy Wages

Wages growth remains at a record low, while consumer confidence has taken a turn for the worse following the Federal Budget. Those are the findings from the latest ABS data and the cost of living is rising faster than wages.

Le paiement Jobseeker va augmenter Source: AAP

Figures from the Bureau of Statistics show wages rose by half a per cent in the March quarter, to be at 1.9 per cent for the year.

And with inflation at 2.1 per cent, the cost of living is now rising faster than the take-home pay of many Australians.