Late last month, veteran AMP economist Shane Oliver marked the release of the latest World Happiness Report by producing a simple chart. It compared gross domestic product per person over the past two decades with Australia’s happiness score.The message was simple. While this nation has become richer since 2005 – much, much richer – happiness peaked in about 2010, and has steadily declined since then.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
The great Australian squeeze is here. It’s about to get much worse
Falling house prices have seized the national conversation, but Australia’s economic problems run much deeper – as households are sadly about to learn.
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