Do you feel like you've been running on the spot over the past few years? Or even going backwards? According to the latest Household Income and Labor Dynamics Survey, HILDA for short, you're probably right.
Living standards have stagnated since the 2008 financial crisis, the median household disposable income has dropped by $542 since 2009, but analysts say we're adjusting to living on less.
Before the crisis, 73 per cent of men worked full time but that dropped to 67 per cent afterwards and has not fully recovered.
Women in full time work were also hit, but have since bounced back to pre-crisis levels of just over 39 per cent.
Most households relied on some form of government welfare over a ten-year period, but since the survey began in 2001, total welfare dependency has dropped from 39 per cent to 31 per cent.
The number of depression and anxiety diagnoses is up across the board with the most noticeable increase among younger Australians.
The Drum host Julia Baird is joined by journalist with the Guardian Australia David Marr, disability advocate Nicole Lee, strategic advisor Tim James, and national politics editor at the Sunday Telegraph and Herald Sun Annika Smethurst to discuss the HILDA Survey findings.
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coverage ratio HILDA Survey: Australians struggle to get ahead |The Drum | |
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