OECD Report Says Australia Is Above Average in 11 Life Dimensions, But Performs Poorly in Work-Life Balance
By Vittorio Hernandez | May 7, 2014 8:43 AM EST
Australia is still a good place to live despite the expected $30-billion budget deficit that could destabilise the Abbott government as citizens express anger due to the administration's failure to live up to its election promise not to raise taxes.
Britain's Prince William and his wife Catherine, Duchess of Cambridge, walk during a reception at the Sydney Opera House April 16, 2014. Prince William and his wife are undertaking a 19-day official visit to New Zealand and Australia with their son, Prince George. REUTERS/Jason Reed (AUSTRALIA - Tags: ROYALS) April 16, 2014
Australia 2014/Articles/May 2014/May 3-5/Is Australian PM Tony Abbott Rejecting Indonesias Olive Branch by Postponing Trip to Bali.docx" rel="nofollow" target="_blank">Is Australian PM Tony Abbott Rejecting Indonesia's Olive Branch by Postponing Trip to Bali?
The Organisation for Economic Co-operation and Development (OECD) released on Tuesday its latest report titled How's Life? In that report, Australia actually got above average ratings for the 11 life dimensions studied, except when it comes to work-life balance.
Canberra topped the categories of governance and civic engagement and second in environmental quality and health status. It also fared well and is within the top 20 ranking for housing, personal security, jobs and earnings.
But Australia is only average when it comes to education and skills, subjective wellbeing, social connections and income and wealth.
Australia is in the bottom 20 per cent for work-life balance because Aussie women spend 36 hours weekly on household work, while men spend 28 hours on the same task. The OECD average is only 32 hours for females and 21 hours for males.
While real disposable income in Australia went up 9 per cent between 2007 and 2011 - one of the largest increases in OECD nations - for the same period, Aussies who said they were satisfied with their lives went up by a measly 2 per cent.
For the rest of 2014, the OECD cut its global growth forecast to between 3 and 4 per cent from its November outlook of 3.6 per cent. But by 2015, global economic expansion would hasten at 3.9 per cent, the OECD said.
Angel Gurria, secretary-general of OECD, explained, "After six long years of pain and tear, the major advanced economies are finally building momentum ... While two of the four cylinders of the global economy's growth engine - credit growth and emerging market activity - are still running below full speed, there are encouraging signs that the two, trade and investment, are finally warming up."
To contact the editor, e-mail:
Most Popular Slideshows
- Prince Harry & Camilla Thurlow Getting Serious, St. Tropez Holiday Before The Prince’s 30th Birthday [PHOTOS]
- Kate Middleton’s Mom Accused Of Being A Social Climber, Prince George Not Seen By Relatives
- Angelina Jolie & Brad Pitt Heads to Malta For New Movie After A Whirlwind French Wedding [PHOTOS]
- Top 5 Richest Tennis Athletes
Join the Conversation
- Russia Invades Ukraine, Pro-Russian Rebels Create 'Second Front,' Obama Maintains No Military Action from US
- TEPCO Loses in Fukushima Suicide Case, Ordered to Pay $472,000 to Family
- Better Market Your Uranium Someplace Else, Japan Appetite No Longer Huge as Before – Former PM Tells Australia Queensland Premier Campbell Newman
- ISIS Wants $6.6M and Release of Aafia Siddiqui in Exchange of Head of Female US Humanitarian Aid Worker, 1st American Fighting for Jihadis Dead
- Product Recall Alert: Hewlett-Packard Pulls Out 6M Power Cords from US, Canada Over Fire Hazard Concerns, Australia Also Affected
- Apple iWatch is iPhone 6 Accessory on Sept 19 Release Date: 6 Confirmed Specs & Features
- Sept 19 iPhone 6 Release Date Firms Up as iWatch Rollout Delayed to Jan 2015 – Reports
- Canada Vs Russia War Erupts Via Twitter on Russia-Not Russia Maps
- James Foley Torture Involves CIA Waterboarding Technique
- Malaysia Airlines to Axe 4,000 Employees, Including CEO; Suspends Trading of Shares
- West Looks Divided in Tackling Russian Invasion In Ukraine
- Amazon Threatened by Google’s Partnership with Barnes and Noble