2021-08-14_0gtg28i8wugt8l0iaf2ln_source-ccehz5c... May 2026

Reserve Bank of Australia (RBA) Research Discussion Paper 2021-08 finds that Australian workers accurately predict job loss, with "surprise" unemployment causing more significant reductions in household spending than anticipated job loss. The analysis indicates that liquidity constraints and precautionary saving drive spending reductions, with the most severe drops occurring among households unprepared for unemployment. For the full report, visit RBA .