A piece-by-piece breakdown of ME's 16th annual Household Financial Comfort Report.
Overall, households are feeling worse about their net wealth, jobs, income and living expenses due to house prices falls and a weakening labour market.
Worry about cost of necessities topped the list (44%), followed by worries about level of cash savings (34%), superannuation (31%) and impact of government legislation (19%).
Financial comfort eased as a result of a weakening job market, which resulted in subdued wage growth, falling comfort with income and high levels of both underemployment and job insecurity.
Comfort lessened among homeowners with a mortgage and renters, while comfort has risen amongst those who own their home outright and geared property investors.
Middle-aged couple, no children NSW
Try these simple strategies to manage bills without dipping into a savings honeypot.
Your home’s value can shape your next move – we explain how to crunch the numbers and who to listen to.
Managing household expenses is a juggling act, but sticking to budget is possible. Here’s how to manage bills and save money.
Matthew Read - General Manager Communications 0432 130 338 For customer enquiries, please call 13 15 63
Do a quick search using the search bar in the menu or check out our toasty support section.