Date: 31 July 2018

Source: The Guardian

Household disposable income has stagnated since 2009, rates of home ownership among young adults have fallen in recent years, and “housing stress” among renters has risen.

But the nationwide poverty rate has declined since 2001, and the child poverty rate is now the lowest it has been in 16 years.

Those are some of the key findings of the latest Household, Income and Labour Dynamics in Australia (Hilda) survey, released on Tuesday, which provides a detailed picture of the wellbeing of Australian households.

By interviewing the same households and individuals every year since 2001, the Hilda survey allows policymakers to see how the wellbeing of specific households has changed over time.

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