{"id":93258,"date":"2025-08-24T22:31:10","date_gmt":"2025-08-24T22:31:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/93258\/"},"modified":"2025-08-24T22:31:10","modified_gmt":"2025-08-24T22:31:10","slug":"australias-economic-lost-decade-macrobusiness","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/93258\/","title":{"rendered":"Australia&#8217;s economic &#8216;lost decade&#8217; &#8211; MacroBusiness"},"content":{"rendered":"<p>Independent economist Chris Richardson published the following chart on Twitter (X) <a href=\"https:\/\/x.com\/ChrisEconomist\/status\/1957298350413459526\" rel=\"nofollow\">showing<\/a> that Australia has experienced one of the poorest increases in living standards over the past decade among advanced OECD nations.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2025\/08\/Annual-growth-in-living-standards.png\" width=\"1591\" height=\"1209\"\/><\/p>\n<p>\u201cThe good news is that Australia\u2019s average has improved since my last update\u201d, Richardson wrote. \u201cThe bad news is we still have a big challenge ahead\u201d.<\/p>\n<p>The chart inspired me to conduct an analysis of the growth in real per capita household disposable income\u2014arguably the single best measure of per capita living standards\u2014against other English-speaking OECD nations.<\/p>\n<p>Advertisement<\/p>\n","protected":false},"excerpt":{"rendered":"Independent economist Chris Richardson published the following chart on Twitter (X) showing that Australia has experienced one of&hellip;\n","protected":false},"author":2,"featured_media":93259,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[64,63,99,164],"class_list":["post-93258","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-au","tag-australia","tag-business","tag-economy"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/93258","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=93258"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/93258\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/93259"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=93258"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=93258"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=93258"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}