The ME Household Financial Comfort Report provides in-depth insights into the financial psychology of Australians based on a survey of 1,500 households. The Report is published every six months and includes but is not limited to, the Household Financial Comfort Index, which measures ongoing changes to households’ perceptions of their own financial comfort.
Key findings of the Jule 2017 report:
- Households are pessimistic about future financial comfort with expectations over the next 12 months down for the third consecutive Report, or down 4% over 18 months to June 2017.
- Cost of necessities is the biggest worry for 44% of Australian households, exacerbated by low wage growth and expectations for mortgage rate rises.