Disposable incomes to grow in 2024-25
New treasury budget forecasts project the Australian average disposable income will grow.
It is expected to grow by 3.5 per cent in the next financial year.
Labor’s stage three tax changes lower inflation and an expected increase in wages will see the average household’s annual disposable income increase by at least $2,800.
Disposable incomes to grow in 2024-25
The treasury projections are based on a 4.5 per cent increase in gross wages.
This is alongside a one per cent boost from the stage three tax cuts.