Are we looking at the wrong measure of economic wellbeing?

Successive treasurers have hailed Australia\u27s long run of economic growth as a standout compared to the rest of the world. But if it\u27s so good, how come many of us are feeling worse off? It could be because we\u27re looking at the wrong measure of economic wellbeing. That\u27s the finding of a new report by the Commonwealth Bank, which argues that high population growth is masking economic weakness. Commonwealth Bank senior economist, Gareth Aird, says Australian households are paying a heavy price. \u27Despite the fact the economy\u27s growing at what looks like a healthy clip on the surface, the way that transfers to how households feel at the moment suggests that things aren\u27t too crash\u27, he says. \u27When you drill it back down to the household level, it\u27s been a pretty tough five years for most households\u27. He says there should be a policy discussion around how households are impacted by immigration and population growth