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Satisfied Neither Dissatisfied Net Satisfied: Current standard of living Personal financial circumstances in the next 12 months Get Better Stay the Same Get Worse Net Better: “Cost of living Is so high, bills are high, mortgage is high. Don't feel like we can keep up. Outgoings are higher than incomings even with budgeting.” “I'm buying a house so I will loose a significant amount of money.” “My wages will not keep up with the rising costs of expenses, standard of living and inflation.” “I am on maternity leave from my job for a year, however only get paid 6 weeks leave. This will put huge pressure on my husband as the sole income for the family.” “The cost of living is still going up, and having a fairly big family, it is getting increasingly harder to make ends meet.” “Already selling assets to supplement pension. Eventually will have nothing to sell.” “Worrying that the super I have or will have when I retire will not be enough for our needs.” “Retired. Fixed income. Doesn't keep up with cost of living.” “I am an Aged Pensioner and pay $320.00 rent per week, which leaves me very little after paying my bills. We haven't had a substantial rise in pensions for years now and prices keep going up on everything.” “My savings will shrink.” Reduced funds in SMS.” I'm about to go on unpaid maternity leave.” Why circumstances will get worse 44% 26% 30% 22% 28% ++++z ++++z 50% Gen X [1965-1980] 21% of population +9+++z 7++++z 13% 46% 40% 58% 19% 23% Boomer [1946-1964] 21% of population 52% 24% 24% 22% 46% 32% Australia ++++z ++++z 8% 51% 41% 4++++z ++6++z 67% 20% 13% Silent [1928-1945] 8% of population ++++z ++++z 49% 28% 23% 36% 40% 24% Millennial [1981-1996] 23% of population n=1022. Fieldwork conducted in April 2018 Ipsos Financial Circumstances: 2018 For more information contact: The Ipsos Financial Circumstances infographic is a cross generational look at Australians’ current standard of living and their future financial circumstances. Daniel Evans Deputy Managing Director [email protected] (03) 9946 0850 Joe Curran Research Manager [email protected] (03) 9946 0847

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Page 1: ˆ Ipsos Financial Circumstances: ˆ ˙˚ ˆ ˙˚ ˆ For more ... · The Ipsos Financial Commitments infographic is a cross generational look at Australians’ propensity to be sometimes

SatisfiedNeitherDissatisfied

Net Satisfied:

Current standard of living

Personal financial circumstances in the next 12 months

Get BetterStay the SameGet Worse

Net Better:

“Cost of living Is so high, bills are high, mortgage is high. Don't feel like we can keep up. Outgoings are higher than incomings even with budgeting.”

“I'm buying a house so I will loose a significant amount of money.”

“My wages will not keep up with the rising costs of expenses, standard of living and inflation.”

“I am on maternity leave from my job for a year, however only get paid 6 weeks leave. This will put huge pressure on my husband as the sole income for the family.”

“The cost of living is still going up, and having a fairly big family, it is getting increasingly harder to make ends meet.”

“Already selling assets to supplement pension. Eventually will have nothing to sell.”

“Worrying that the super I have or will have when I retire will not be enough for our needs.”

“Retired. Fixed income. Doesn't keep up with cost of living.”

“I am an Aged Pensioner and pay $320.00 rent per week, which leaves me very little after paying my bills. We haven't had a substantial rise in pensions for years now and prices keep going up on everything.”

“My savings will shrink.”

“Reduced funds in SMS.”“I'm about to go on unpaid maternity leave.”

Why circumstances will get worse

15%

44% 26% 30%

-6%

22% 28%

�+�+�+�+z

�+�+�+�+z50%

Gen X[1965-1980]

21% of population

36%

-27%

�+9+�+�+z

7+�+�+�+z13% 46% 40%

58% 19% 23%

Boomer[1946-1964]

21% of population

28%

52% 24% 24%

-10%

22% 46% 32%

Australia

�+�+�+�+z

�+�+ +�+z 53%

-32%

8% 51% 41%

4+�++�+z+�+6+�+z67% 20% 13%

Silent[1928-1945]

8% of population

�+�+�+�+z�+�+�+�+z

25%

49% 28% 23%

11%

36% 40% 24%

Millennial[1981-1996]

23% of population

n=1022. Fieldwork conducted in April 2018

Ipsos Financial Circumstances: 2018 For more information contact:

The Ipsos Financial Circumstances infographic is a cross generational look at Australians’ current standard of living and their future financial circumstances.

Daniel Evans

Deputy Managing Director

[email protected]

(03) 9946 0850

Joe Curran

Research Manager

[email protected]

(03) 9946 0847

Page 2: ˆ Ipsos Financial Circumstances: ˆ ˙˚ ˆ ˙˚ ˆ For more ... · The Ipsos Financial Commitments infographic is a cross generational look at Australians’ propensity to be sometimes

n=1022. Fieldwork conducted in April 2018

Ipsos Financial Commitments: 2018 For more information contact:Daniel Evans

Deputy Managing Director

[email protected]

(03) 9946 0850

Joe Curran

Research Manager

[email protected]

(03) 9946 0847The Ipsos Financial Commitments infographic is a cross generational look at Australians’ propensity tobe sometimes to always late in meeting their financial obligations overall, and across a range of items. 22% of Australians are late making payments for the majority of their financial commitments.Millennials (30%) and Generation Xers (28%) are more likely than Boomers (15%) and the Silent generation (2%) to be late.

Mortgage or Rent Personal Loans Credit Cards School fees/Child Care

Electricity Gas Water Council Rates

House Insurance Private Health Insurance Other Insurance Telecommunication/Mobile Phone/Internet

17%

21% 9%

13% late

1%

23% late

30%

27% 0%

17%

26%

35% 19%

8%

27% late

35%

36%

8%

27% late

31%

32%

35% late

17% 39%

0%

0%

33%

17%36%

3%

26% late

26%

30% 16%

1%

22% late

31%

28% 14%

22% late

3% 27%

14%30%

20% late

2%

12%

5%25%

12% late

25% 11%

15% late

17% 2%

31%

35%

15%

24% late

5%

Australia Millennial[1981-1996]23% of population

Gen X[1965-1980]21% of population

Boomer[1946-1964]21% of population

Silent[1928-1945]8% of population

30% 28% 15%22% 2%