Essential Report

Concern About Share Market Movements

Aug 22, 2011

Q. How concerned are you about the impact of current movements in the share market on your financial situation?

Total Vote Labor Vote Lib/Nat Vote Greens Income les than $600pw Income $600-$1,000pw Income $1,000-$1,600pw Income over $1,600pw
Very concerned 16% 13% 21% 6% 12% 17% 16% 16%
Somewhat concerned 23% 22% 25% 12% 16% 28% 25% 23%
A little concerned 29% 30% 30% 28% 29% 26% 30% 28%
Not at all concerned 26% 28% 20% 47% 33% 24% 23% 28%
Don’t know 7% 7% 4% 7% 9% 5% 6% 6%

16% said they were very concerned and 23% somewhat concerned about the impact of current movements in the share market on your financial situation. 55% were only a little or not at all concerned.

Apart from those on very low incomes, there was not much difference across income groups – 28% of those earning under $600pw were very/somewhat concerned compared to 45% of those earning $600-1,000, 41% of those earning $1,000-1,600 and 39% of those on $1,600+.

Older respondents tended to be more concerned – 49% of those aged 55+ were very/somewhat concerned compared to 32% of 18-34’s and 38% of 35-54’s.

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