Still the Lucky Country? Australians Undergo a Fall in Living Standards

Still the Lucky Country? Australians Undergo a Fall in Living Standards
People in front of the iconic Sydney Opera on Sept. 8, 2017. William West/AFP/Getty Images
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Australians have been undergoing a fall in living standards – the longest in more than 25 years. Many of the country’s citizens appear unsurprised.

In an issue that typically fails to attract media attention, The Australian newspaper reported that growth costs in the country have exceeded earnings for the fifth consecutive quarter.