Essential Report

Interest rates

Aug 9, 2016

Q. Will the recent cut in official interest rates make you personally better off or worse off financially?

  Total   Vote Labor Vote Lib/Nat Vote Greens Vote other   Aged 18-34 Aged 35-54 Aged 55+
Total better off 25%   26% 28% 22% 20%   30% 31% 7%
Total worse off 29%   32% 28% 31% 28%   21% 21% 49%
Much better off 3%   3% 4% 2% 2%   4% 3% 1%
A little better off 22%   23% 24% 20% 18%   26% 28% 6%
A little worse off 19%   20% 20% 26% 16%   17% 14% 30%
Much worse off 10%   12% 8% 5% 12%   4% 7% 19%
Make no difference 36%   33% 37% 37% 46%   30% 37% 42%
Don’t know 11%   10% 8% 10% 5%   19% 10% 2%

 25% think that the recent cut in official interest rates will make them personally better off and 29% think it will make them worse off.

Those more likely to think they will be better off were aged 25-44 (35%), full-time workers (36%) and incomes over $2,000 pw (40%).

Those more likely to think they will be worse off were aged 55+ (49%), earning less than $1,000 pw (37%) and those not working (36%).

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