Essential Report

Income and cost of living

Feb 23, 2016

In the last two years, do you think your and your household’s income has gone up more than the cost of living, fallen behind or stayed even with the cost of living?

  Total   Work full time Work part time Income less than $600 pw Income $600-$1,000

     pw

Income $1,000-$1,600 pw Income $1,600+ pw   Oct 2014 Mar 2015 Nov 2015
Gone up more 13%   20% 8% 11% 13% 10% 16%   13% 15% 14%
Fallen behind 51%   45% 53% 67% 54% 57% 43%   48% 50% 54%
Stayed even 29%   31% 30% 16% 26% 25% 36%   31% 27% 26%
Don’t know 7%   5% 9% 5% 7% 8% 5%   8% 7% 5%

51% believe that, in the last two years, their income has fallen behind the cost of living. 29% think it has stayed even with the cost of living and 13% think it has gone up more.

67% of those earning under $600 pw and 57% of those earning $1,000-1,600 pw think their income has fallen behind while 52% of those earning over $1,600 pw think it has stayed the same or gone up.

These results suggest a slight improvement in household financial status since this question was asked in November.

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