Majority believe government at least partially to blame for rises but don’t assume Coalition would manage them better
Labor is also continuing to exhibit higher voter satisfaction in areas of traditional policy strength – improving public services, managing climate change and reversing the trend towards insecure work.The deterioration in people’s sense of financial security as we move into the first quarter of 2023 can be mapped by comparing sentiment in the latest fortnightly survey with sentiment a month after last year’s federal election.
A majority of respondents currently report they are either struggling a bit in the current environment or in difficulty to the point where paying regular bills has become a concern . Last June, 31% reported struggling a bit and 7% identified bill paying as a regular concern.Only 19% of respondents predict economic conditions will improve in the next 12 months , and 56% say things will get worse .
But the data does reveal two distinct experiences. Not everybody is battling in the high inflation environment. In the latest survey, 47% of respondents report feeling comfortable or secure. While just over half the sample, 51%, say rising interest rate has a negative impact on them, 17% report the impact as positive.
The RBA’s record run of rate hikes – combined with a recent public signal that there will be more to come – has triggered an unusual political backlash. The central bank governor, Philip Lowe, used two
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