National wellbeing framework to address poverty

Treasurer Jim Chalmers has announced Australia's first national wellbeing framework. Image courtesy Lukas Coch, AAP.

The Albanese government has released Australia’s inaugural national wellbeing framework, ‘Measuring What Matters.’ 

The framework includes 50 key indicators and aims to track societal and economic progress more effectively. Themes of Healthy, Secure, Sustainable, Cohesive and Prosperous underpin the framework, which will be in addition to more traditional measurements like GDP, employment, and inflation. 

The government has welcomed feedback on the framework, which will evolve over time with the aim of providing better societal and economic indicators to improve the wellbeing of all Australians. 

But advocates in the social services sectors say more focus needs to be placed on addressing poverty in Australia.

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