Data from the Australian Bureau of Statistics shows that Victoria’s gross household disposable income per person was $52,488 in 2021-22, which is the second-lowest among the states and territories.
Victoria’s gross household disposable income per person had been ranked fourth in 1999, and reached the third-highest in the early 2000s.
Former federal Treasury economist Stephen Anthony says the state government has overseen a “pyramid scheme” built on high debt; he says it is very clear that Premier Daniel Andrews has destroyed living standards and been “fiscally profligate”.
Victoria’s net debt is forecast to rise to $166 billion in 2025-26, which equates to 24.6% of the state’s economy.
Melbourne-based former federal Treasury economist Stephen Anthony said the Andrews government had overseen a “pyramid scheme” built on high debt.
“For anyone who is interested in evidence, it’s very clear this premier has destroyed living standards and been fiscally profligate,” Mr Anthony said.
“Victoria is regressing and pretty soon we’ll be below South Australia as well”…
Household gross disposable income per capita is a proxy for living standards…
“The largest increase in net debt, the highest projected level, and the largest net operating deficit are all in Victoria,” says a report by the Centre for Independent Studies senior fellow Robert Carling.
For years I have lambasted Victoria’s ponzi economy, which relied far too much…
