Essential Report

Financial situation

Oct 21, 2014

Q. Which of the following statements best describes your financial situation?

 

Total

 

Work full time

Work part time

Income less than $600 pw

Income $600-$1,000pw

Income $1,000-$1,600 pw

Income $1,600+ pw

I don’t have enough money for basic essentials like housing food and electricity

7%

5%

6%

27%

7%

3%

2%

I have enough money for basic essentials but I cannot save any money

35%

30%

35%

52%

44%

37%

25%

I have enough money for basic essentials and I can save a little money

47%

52%

49%

20%

41%

51%

56%

I have enough money for basic essentials and I can save a lot of money

8%

10%

6%

1%

4%

6%

15%

Don’t know

4%

3%

4%

3%

3%

2%

47% say they have enough money for basic essentials and can save a little money and 35% say they have enough money for basic essentials but cannot save any money. Only 8% say they can save a lot of money.

Only 21% of those earning less than $600 pw say they can save any money – compared to 71% of those earning over $1,600 pw.

COVID-19 RESEARCH

Read Essential's ongoing research on the public response to Covid-19.

Sign up for updates

Receive the Essential Report in your inbox.
  • This field is for validation purposes and should be left unchanged.