Q. Which of the following approaches to debt and spending is closer to your view?

• The majority (65%) think it’s ok for Australia to spend whatever it takes to help the economy recover, but there needs to be a clear plan for how we will repay the debt in the future. While accordance with this view is high across all age groups, those over 55 are more likely than younger cohorts to think this (70% to 62% those under 55).
• 20% think Australia needs to spend whatever it takes to help the economy recover, and worry about how to repay the debt later. Those most likely to follow this view include men (24%), those aged 18-34 (26%), Greens voters (23%).

Q. And which of the following is closest to your view on the best way to create jobs and grow the economy?

• Most Australians’ want the government to directly invest in the economy by creating projects and jobs, and raise the standard of living for the majority of workers (66%), rather than relax regulation and lower taxes for the wealthy to encourage businesses to grow and create jobs (17%) to create jobs and grow the economy. This is consistent with levels last October (69% and 19% respectively).
• Slightly more people are now unsure which the best approach is (17% from 13% in October).

• The majority of voters of all major parties want the government to directly invest in the economy by creating projects and jobs, and raise the standard of living for the majority of workers.

Q. Which of the following indicators do you think is the most important when thinking about whether the Australian economy is in a good or poor state?

• The unemployment rate is still thought to be the top indicator of the state of the Australian economy, with a quarter of Australians (25%) ranking it as most important.
• Cost of household bills (20%), the size of the national deficit (13%) and levels of homelessness (11%) are also seen to be key indicators of the state of the economy.

Q. Overall, how would you describe the current state of the Australian economy?

• Rating of the state of the economy has fallen in the last year in the wake of the Covid-19 pandemic. Now 23% of people the state of the economy as very or quite good, down 9%pts from 32% last year. Over the same time those rating the economy as poor (very/quite) has increased from 33% to 46%.
• Those most pessimistic about the state of the economy include women (17% rating very/quite good, down from 30% last year), people aged over 55 (12%, down from 31% last year) Labor voters (17%) and Greens voters (19%).
• Rating of the economy among Coalition voters has dropped from 45% very/quite good in Sep’19 to 30% this year.

Q. Which of the following indicators do you think is the most important when thinking about whether the Australian economy is in a good or poor state?

• People rating the unemployment level as the key indicator for a healthy economy has increased in the past 12 months from 25% to 39% while the cost of household bills has fallen from 22% to 13%. All other indicators remain consistent.

Q. On Tuesday July 21st, the government announced that JobKeeper payments and the increase to JobSeeker will be extended to March 2021 but that the rates for each will be reduced in October, and again in January. Eligibility for JobKeeper will remain the same, meaning that casual workers will not receive support.

To what extent do you support or oppose the changes to these schemes?

• Extension of the JobKeeper and JobSeeker schemes receives support from a two-thirds majority (66%). While the reduction of payments is supported by just over half (54%), 21% oppose this decision.

Q. How would you rate the government’s management of the Australian economy compared to how governments in other countries around the world have managed their economies? 

39% of Australians would rate the government’s management of the economy, compared to other countries around the world, as good.

28% would rate their management of the economy as poor.

There have been no major shifts in attitudes since this question was asked in May.

Labor (21%), Greens (25%) and other (19%) voters were less likely to rate the government’s management of the economy as ‘good’. Lib/Nat voters (68%) were more likely to rate the government’s management of the economy as ‘good’.

47% of those earning $1,600+ pw rate the government’s management ‘good’ and 35% of those earning less than $1,000 pw rate it ‘poor’.

Q. Do you think investment in mining and ports by Chinese companies is good or bad for the Australian economy?

38% think that investment in mining and ports by Chinese companies is good for the Australian economy and 36% think it is bad.

Liberal/National voters are more likely to think it is good for the economy (50%), while Labor and Greens voters are almost evenly divided on this issue.

Those most likely to think it is good for the economy were men (48%) and full-time workers (46%). Those most likely to think it is bad were aged 55+ (46%).