Westpac economist says households may be better off than a year ago
Westpac economist Satish Ranchhod suggests that household disposable income and wealth have increased over the past year, despite a general lack of public sentiment reflecting this improvement. Growth is attributed to entrepreneurial earnings, diversified savings, and rising financial asset values.
Why it matters
Understanding the disconnect between macroeconomic indicators and consumer sentiment is vital for assessing the health of the national economy.
Afre you feeling richer than you were a year ago?
The article presents economic data and expert analysis neutrally, acknowledging both the positive metrics and the public's subjective experience.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in