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
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