Life is getting more affordable for Australians.
Cost of living pressures for Australians are easing and while things are getting more expensive, prices have remained relative to income.
Australian insurance provider Budget Direct recently put together this interactive which looks at how the cost of living has changed in the country over the past 100 years.
It takes into account soaring inflation rates and wages to see how prices stack up in five categories: income, rent, house prices, petrol and shopping.
“When we’re so caught up in the day to day spending, it’s easy to feel like we’re not getting value for money on our hard-earned cash,” says Brad Seymour, Budget Direct’s director of partnerships and communication.
“The Cost of Living tool that we have created really illustrates how, as a generation, we’re getting better value for money in many areas.”
Check it out below.