Essential Report

Concern about economic issues

Nov 27, 2017

Q. How concerned are you personally about each of the following economic issues facing Australia today?

  Total

con-cerned

  Very con-cerned Some-what con-cerned Not so con-cerned Not at all con-cerned Don’t know
Energy prices 88% 56% 32% 8% 2% 1%
Food prices and inflation generally 83%   44% 39% 12% 3% 2%
Affordability of housing 80%   50% 30% 14% 5% 1%
Petrol prices 76% 39% 37% 16% 6% 2%
Improving wages for low income earners 75%   39% 36% 17% 5% 2%
Jobs going overseas 71%   39% 32% 20% 6% 3%
Excessive executive salaries 69%   39% 30% 21% 6% 3%
The age pension 68%   35% 33% 22% 8% 3%
Unemployment 68%   34% 34% 24% 6% 3%
Personal income tax rates 65%   30% 35% 24% 6% 4%
Not enough superannuation 64%   31% 33% 24% 7% 5%
Not enough regulation of large corporations 61%   30% 31% 28% 6% 4%
Interest rates 61%   28% 33% 26% 9% 4%
Government debt 60%   26% 34% 28% 8% 4%
Not enough regulation of banks 58%   27% 31% 29% 9% 4%
Cuts in penalty rates 57% 28% 29% 26% 11% 5%

 

 

Issues most concerned about were energy prices (88% concerned including 56% very concerned), affordability of housing (80%/50%) and food prices and inflation generally (83%/44%).

Issues least concerned about were cuts in penalty rates (57%/28%), regulation of banks (58%/27%) and Government debt (60%/26%).

Major differences by demographics were –

42% of aged 18-34 very concerned about energy prices compared to 65% of those aged 55+.

28% of aged 18-34 very concerned about executive salaries compared to 52% of those aged 55+.

60% of aged 18-34 very concerned about housing affordability compared to 35% of those aged 55+.

50% of women very concerned about food prices compared to 38% of men.

46% of women very concerned about wages of low income earners compared to 33% of men.

40% of women very concerned about unemployment compared to 28% of men.

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