While some in the media insist on pandering to Australians' vast #firstworldproblems conviction that the cost of living is relentlessly rising, it was good to see the new report from the National Centre for Social and Economic Modelling yesterday about disposable income receiving significant coverage.

The NATSEM report showed that Australians' incomes have significantly outstripped prices since 1984, with disposable incomes rising on average 20% ahead of inflation over the period. The report also showed that the gains were spread across all incomes groups, although the highest income groups had benefited more in the last decade compared to earlier.