In his latest whitepaper, Tim Toohey, Head of Macro and Strategy, looks at the most recent data set from the Australian Bureau of Statistics and concludes that the impact of Australia’s shifting fiscal and monetary stance will have sharply different impacts by age group and by income distribution.
By Tim’s estimates, the discretionary cashflow for the bottom 20% of households will plummet 24% in 2023. And by age group, this cashflow squeeze looks set to be particularly acute for the 35-44yo cohort.
Read Tim’s whitepaper here.