Despite COVID zero continuing to elude Australia, financial comfort is record high. But some groups are feeling the bite.

Despite COVID zero continuing to elude Australia, financial comfort is record high. But some groups are feeling the bite.
The ME Household Financial Comfort Report provides in-depth insights into how Australians feel about their financial situation based on a survey of 1,500 households.
 
The survey is designed, developed and produced twice each year by ME with assistance from DBM Consultants and Economics & Beyond.
 
This edition presents the findings from the 20th survey, published in August 2021.

Read the media release

Download the report

Key findings.

The financial comfort of the average household has improved to record levels – 8% higher than before COVID-19.

Comfort with cash saving has peaked, but a quarter of households could only maintain their lifestyle for up to a month if they lost their income.

Labour market conditions have improved but lot of employees are still finding it difficult.

An unlocked padlock

“Employment arrangements and job security remain of critical importance to the overall financial comfort of Australian households and longer-term economic recovery.”

Jeff Oughton
ME Consulting Economist

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