LINKS TO OTHER DIMENSIONS OF PROGRESS

Household economic wellbeing is closely associated with a number of other dimensions of progress.

The national economy is an important determinant of the overall living standards of Australian society. For example, a strong economy presents more opportunities for households and individuals and may improve the capacity to provide support to those in the greatest need. Alternatively, if policy addresses inefficiencies which may drive relative disadvantage, overall growth can be expected to rise more quickly.

Low levels of household economic wellbeing may be associated with issues such as unemployment, poor health, low levels of education and social exclusion.