Financial situation during Covid-19 outbreak

Apr 28, 2020

Q. Which of the following best describes your financial situation during the Covid-19 outbreak?

  27/04 20/04 13/04 06/04 29/03 22/03
I do not expect the Covid-19 will impact my income 27% 25% 23% 24% 26% 24%
I have sufficient savings to deal with a short-term loss of income 26% 27% 29% 28% 32% 26%
I will struggle with a short-term loss of income, but will get by 31% 31% 33% 31% 23% 29%
I will be in serious financial stress with short-term loss of income 16% 17% 16% 16% 20% 21%
Base (n) 1,054 1,051 1,068 1,069 1,086 1,034

 

    Household Employment
  Total Have dependent children Do not have dependent children In paid employment Not in paid employment Retired
I do not expect the Covid-19 will impact my income 27% 22% 30% 17% 29% 52%
I have sufficient savings to deal with a short-term loss of income 26% 25% 27% 31% 18% 25%
I will struggle with a short-term loss of income, but will get by 31% 36% 28% 35% 33% 18%
I will be in serious financial stress with short-term loss of income 16% 17% 15% 17% 20% 5%
Base (n) 1,054 349 705 546 261 219

Attitudes towards the tracing app

Apr 28, 2020

Q. The Federal Government is developing an app to trace people who test positive for Covid-19 have been in contact with. The app wouldn’t track your location, but it would use Bluetooth to record any other phones around you who also had had this app. If you then tested positive for Covid-19, an identifier would allow government officials to find anyone else who may have been exposed Covid-19.

To what extent do you agree or disagree with these statements about the suggested Covid-19 tracing app?

  NET: Agree NET: Disagree Strongly agree Somewhat agree Neither agree nor disagree Somewhat disagree Strongly disagree
I would be concerned with the security of my personal data if this app was on my phone 57% 22% 28% 28% 21% 14% 8%
This app would help limit the spread of Covid-19 53% 18% 20% 33% 29% 10% 8%
This app would speed up the removal of physical distancing restrictions 46% 20% 14% 32% 34% 11% 9%
I’m confident the government will adequately protect any data it collects about me via the app 41% 30% 12% 29% 29% 14% 16%
I would download this app onto my mobile phone 40% 32% 17% 23% 28% 12% 20%

 

NET: Agree   Voting Intention
Total Labor NET: Coalition Greens NET: Other
I would be concerned with the security of my personal data if this app was on my phone 57% 64% 48% 60% 66%
This app would help limit the spread of Covid-19 53% 49% 63% 52% 45%
This app would speed up the removal of physical distancing restrictions 46% 44% 54% 43% 33%
I’m confident the government will adequately protect any data it collects about me via the app 41% 35% 53% 31% 33%
I would download this app onto my mobile phone 40% 36% 47% 45% 29%
Base (n) 1,054 327 402 93 129
  • 57% of participants agree that they would be concerned with the security of their personal data if this app was on my phone and 40% agree that they would download the app.
  • 53% agree that the app would help limit the spread of Covid-19 and another 46% agree that the app would speed up the removal of physical distancing restrictions.
  • Only 41% agree that they are confident that the government will adequately protect any data it collects about via the app.
  • Broadly, Coalition voters are more likely to agree with positive statements about the app and its data security.

Easing restrictions on elective surgeries

Apr 28, 2020

Q. On 21 April, the Prime Minister announced that the National Cabinet had agreed to ease some restrictions from the weekend onwards. These include resuming elective surgery, IVF treatments, and allowing residents of aged care facilities to receive two visitors a day. Do you think it is the right time to ease these restrictions, have they been eased too soon, or has it taken too long for them to be eased?

  Total Age Group
  18-34 35-54 55+
Restrictions have been eased too soon 36% 44% 40% 26%
Right time to ease these restrictions 57% 49% 54% 67%
It has taken too long for them to be eased 7% 7% 7% 7%
Base (n) 1,054 343 332 379
  • 57% of participants believe it’s the right time to ease restrictions on elective surgeries and aged care facility visitation – but a third (36%) think they have been eased too soon.
  • 18-34 year olds are most likely to say the restrictions have been eased too soon (44%, 33% for 35+); whereas, 67% of those over 55 think now is the right time.

Tax reforms to reduce debt from Covid-19

Apr 28, 2020

Q. To what extent do you support or oppose the following suggested tax reforms to help reduce any debt Australia may have, as a result of the Covid-19 stimulus packages?

  NET: Support NET: Oppose Strongly support Somewhat support Neither support nor oppose Somewhat oppose Strongly oppose
Prevent companies who are registered in offshore tax havens (such as Switzerland) from accessing Covid-19 government support 64% 9% 43% 20% 20% 5% 4%
Simplify the taxation system to a flat tax rate 43% 18% 16% 27% 27% 10% 8%
Removal of franking credits 32% 16% 15% 17% 27% 10% 16%
Removal of negative gearing 32% 25% 14% 19% 30% 12% 13%
Implement a tax on the value of property or money passed on when someone dies 18% 49% 5% 12% 22% 16% 33%

 

NET: Support   Gender Age Group
Total Male Female 18-34 35-54 55+
Prevent companies who are registered in offshore tax havens (such as Switzerland) from accessing Covid-19 government support 64% 66% 61% 48% 61% 80%
Simplify the taxation system to a flat tax rate 43% 48% 38% 40% 39% 48%
Removal of franking credits 32% 36% 28% 36% 32% 28%
Removal of negative gearing 32% 36% 22% 34% 32% 32%
Implement a tax on the value of property or money passed on when someone dies 18% 23% 13% 27% 17% 10%
Base (n) 1,054 526 528 343 332 379
  • Participants most support preventing companies who are registered in offshore tax havens from accessing Covid-19 government support (64%) and are least supportive of implementing an inheritance tax (18%) to reduce any debt as a result of the Covid-19 stimulus.
  • Those aged over 55 are most likely to oppose removal of franking credits (39%), negative gearing (33%) and inheritance tax (63%), however they are most likely to support preventing companies registered in offshore tax havens from accessing Covid-19 government support, (80%).

Institutions which consider public safety

Apr 28, 2020

Q. With regards to the impact of the Covid-19 outbreak, to what extent do you think the following institutions consider the safety of the public when making business decisions?

  Will always act in their own interests, even if it endangers people or is detrimental to the public Will act in their own interests as long as it does not endanger people or is detrimental to the public Will prioritise the safety of the people and the public’s best interests Unsure
Cruise line companies 41% 29% 13% 17%
The big four banks 33% 39% 14% 14%
Insurance companies 32% 38% 13% 17%
Real estate agencies 29% 38% 16% 17%
Sporting administrators 26% 37% 21% 16%
Pharmaceutical companies 18% 38% 31% 14%
Small banks (excluding CBA, NAB, ANZ and Westpac) 17% 48% 20% 15%
Super funds 17% 40% 23% 20%
Supermarkets 15% 38% 36% 11%
Aged care facilities 14% 32% 39% 14%
  • 41% of participants believe that cruise line companies will always act in their own interests, even if it endangers people or is detrimental to the public; while only 14% say the same is true for aged care facilities.
  • 48% of participants believe that small banks (excluding CBA, NAB, ANZ and Westpac) will act in their own interests as long as it does not endanger people or is detrimental to the public – compared to 39% saying the same for the big four banks.

Coronavirus concerns

Apr 21, 2020

Q. To what extent are you concerned about the threat of Covid-19 (coronavirus) in Australia?

  20/04 13/04 06/04 29/03 22/03 09/03 10/02
Very concerned 44% 45% 51% 53% 39% 27% 25%
Quite concerned 43% 43% 37% 35% 43% 36% 43%
Not that concerned 11% 9% 10% 10% 14% 28% 26%
Not at all concerned 2% 3% 2% 3% 4% 9% 6%
Base (n) 1,051 1,068 1,069 1,086 1,034 1,096 1,057

 

    Age group Location
  Total 18-34 35-54 55+ Capital Non-Capital
Very concerned 44% 48% 45% 39% 46% 40%
Quite concerned 43% 40% 44% 46% 42% 45%
Not that concerned 11% 11% 9% 14% 10% 14%
Not at all concerned 2% 2% 2% 2% 2% 2%
Base (n) 1,051 341 325 385 722 329
  • Concern about the threat of Covid-19 has stayed steady falling the softening last week. 44% are very concerned about the outbreak (45% last week) with a further 43% who are quite concerned (43% last week).
  • Concern has fallen for the second week among over 55 year olds. The proportion saying they are very concerned has decreased from 54% to 39% over the past two weeks.

Specific covid-19 concerns

Apr 21, 2020

Q. To what extent are you concerned about these possible impacts of the Covid-19?

NET: CONCERNED (VERY/SOMEWHAT) 20/04 13/04
The Australian economy as a whole 87% 85%
General unemployment if companies are forced out of business 83% 79%
The physical health of close family members 74% 73%
The impact on my superannuation, savings or investments 67% 63%
My close family members’ mental health 64% 61%
My physical health and catching the virus 64% 62%
My economic situation if I lose my job or have less work 59% 58%
My ability to buy food and essential items if stores run out 58% 58%
Children’s development by missing out on school 56% 52%
My mental health as a result of social distancing 50% 47%
Base (n) 1,051 1,068
  • Economic issues are seen as most concerning when thinking about the consequences of the Covid-19 crisis. 87% say they are concerned (very/somewhat) about the economy as a whole and 83% are concerned about general unemployment.
  • Those aged 18-34 were more likely than other age groups to be concerned about the impact on their mental health (67% to 43%), and that of their families (74% to 601%).
  • Concern for children is highest among those in households with dependent children (62% are very or somewhat concerned).

Likelihood of developing Coronavirus

Apr 21, 2020

Q. How likely do you think it is, that you will develop Covid-19?

  20/04 13/04 06/04 29/03 22/03 09/03
Very likely 7% 5% 8% 8% 8% 7%
Somewhat likely 25% 28% 33% 36% 34% 24%
Somewhat unlikely 52% 49% 45% 45% 45% 43%
Very unlikely 17% 18% 14% 12% 13% 26%
Base (n) 1,051 1,068 1,069 1,086 1,034 1,096

 

    Age group Location
  Total 18-34 35-54 55+ Capital Non-Capital
Very likely 5% 12% 6% 2% 8% 3%
Somewhat likely 28% 29% 30% 17% 27% 22%
Somewhat unlikely 49% 43% 48% 63% 50% 55%
Very unlikely 18% 17% 16% 18% 15% 19%
Base (n) 1,051 341 325 385 722 329
  • Overall, the threat of catching Covid-19 is in line with results from last week.
  • There has been an increase among 18-34 year olds in likelihood to catch, with 12% thinking they are very likely to catch Covid-19 (up from 8% last week).

COVID-19 RESEARCH

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