Senate debates

Wednesday, 5 February 2025

Questions without Notice

Cost of Living

2:02 pm

Photo of James McGrathJames McGrath (Queensland, Liberal National Party, Shadow Assistant Minister to the Leader of the Opposition) Share this | Hansard source

Australians' living standards—that is, real disposable incomes—have collapsed by 8.7 per cent since May 2022. This is the biggest collapse on record and worse than in any other OECD economy. Why are Australians, despite all the rhetoric, paying the price for Labor's economic incompetence?

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