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RMIT economist Alberto Posso talks about the latest well-being figures from the Australian Bureau of Statistics. Australians are richer, living longer and better educated. And while income inequality is increasing, the poor are better off than they were 10 years ago.
Leon and Garry talk about rising business confidence masking patchy business conditions. Consumer sentiment has dropped and fewer people are taking out loans; however, more people are using their credit cards. Meanwhile, a new report from the Australian Bureau of Statistics shows Australians are wealthier and living longer.