ANALYSIS: Australians were suffering from weak wages growth long before the coronavirus pandemic
Put simply, because they are uncertain about the future. And household finances have been shaky for some time.
That occurred because there was a slowdown in both income growth and non-labour income growth — things like social security and rental income. Ms Allen said reports the Federal Government was planning to bring forward legislated tax cuts in this year's budget would help to alleviate pressure on household budgets.
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