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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
(03) 9946 0850
Joe Curran
Research Manager
(03) 9946 0847
n=1022. Fieldwork conducted in April 2018
Ipsos Financial Commitments: 2018 For more information contact:Daniel Evans
Deputy Managing Director
(03) 9946 0850
Joe Curran
Research Manager
(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%