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Living standards falling: union research

Australian Council of Trade Unions (ACTU) Secretary Sally McManus

ACTU Secretary Sally McManus says Australians have seen living standards fall the most in 30 years. Source: AAP

A new report shows Australians' living standards are going backwards despite a long period of economic growth.


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By Jin Sun Lane

Presented by Jin Sun Lane

Source: SBS




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A new report shows Australians' living standards are going backwards despite a long period of economic growth.


Australians have seen the biggest fall in living standards in almost 30 years, as unions warn the country is at risk of slipping towards American-style inequality.

The Australian Council of Trade Unions on Tuesday released new research into inequality, based on disposable income data from the Australian Bureau of Statistics.

"This report shows that despite a long period of economic growth, working people's living standards have gone backwards since 2015," ACTU secretary Sally McManus told AAP.

 

Read the full article here.


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