Half of Australians worse-off financially than 2 years ago: Poll

Canberra, Nov 28 (IANS): Half of Australians say they are in a worse financial position than two years ago, a fresh survey revealed on Tuesday.

According to the Newspoll survey published by News Corp Australia newspapers on Tuesday, 50 per cent of voters believe they are worse-off now compared to two years ago, and 16 per cent feel they are better-off, with the remaining 34 per cent saying their financial position was about the same, reports Xinhua news agency.

The poll found that women were more likely to feel worse-off than men - 53 per cent compared to 48 per cent - and that 60 per cent of respondents aged 35-49 said they were worse-off.

Renters were the most likely to feel worse-off, the poll found.

A separate Newspoll survey published on Monday found that voter support for the governing Labor Party and Prime Minister Anthony Albanese has fallen.

On a two-party preferred basis Newspoll found that Labor is now deadlocked 50-50 with the opposition Coalition after leading 52-48 at the start of November and 54-46 in mid-October.

Asked in Parliament on Monday about cost-of-living pressures, Albanese declared it the government's "number one priority".

"There are three vital ways you can tackle cost-of-living. You get costs down for families, you get wages up for workers, but you can also get the budget onto a stronger foundation, and we are doing all three," he said.

Albanese and Treasurer Jim Chalmers will in December hand down the Mid-Year Economic and Fiscal Outlook (MYEFO).

According to financial statements published by the government on Friday, the budget's underlying cash balance is tracking A$9 billion better through the first four months of the 2023-24 financial year than projected in May.


Top Stories

Leave a Comment

Title: Half of Australians worse-off financially than 2 years ago: Poll

You have 2000 characters left.


Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Daijiworld.com will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will Daijiworld.com be held responsible.