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  • Oct, 2013

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    Party trusted to handle another GFC

    Q. The shutdown of the US Government has sparked fears of another global recession.

    If there was another Global Financial Crisis, which party would you trust most to deal with it?

     

    %

     

    Lib/Nat voters

    Labor voters

    Green voters

     

    15 Aug 2011

    7 May 2012

    29 Jan 2103

    The Liberal Party

    38%

    78%

    6%

    5%

    40%

    42%

    40%

    The Labor Party

    29%

    4%

    68%

    39%

    31%

    25%

    26%

    No Difference

    23%

    13%

    16%

    47%

    20%

    23%

    22%

    Don’t know

    10%

    5%

    9%

    9%

    9%

    10%

    11%

    If there was another GFC, 38% of people would trust the Liberal Party most to deal with it. 29% trusted Labor while 23% said there was no difference.

    Trust generally followed party lines, with 78% of Lib/Nat voters selecting the Liberals and 68% of Labor voters selecting Labor. 47% of Green voters selected ‘no difference’.

    The overall figures are generally in line with those from 2011, 2012 and early in 2013.

  • Apr, 2013

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    Reasons economy is poor

    Q. What is the main reason you don’t think the state of the economy is good? *

     

    28 May 12

    Total

    Vote Labor

    Vote Lib/Nat

    Poor economic management by Government

    27%

    40%

    17%

    52%

    Increasing cost of living

    34%

    27%

    41%

    22%

    Businesses are struggling

    13%

    11%

    7%

    13%

    Increasing gap between rich and poor

    9%

    7%

    15%

    3%

    Incomes aren’t increasing fast enough to keep up

    7%

    6%

    7%

    5%

    Global financial problems

    7%

    5%

    7%

    4%

    Other reason

    2%

    3%

    6%

    2%

    Don’t know

    1%

    1%

    * Based on those who disagree that economy is good.

    Those who disagreed that the economy was good said the main reasons were poor economic management by Government (40%) and the increasing cost of living (27%). Those who blame poor economic management by the Government has increased 13% and cost of living has decreased 7% since May last year.

    62% of respondents aged 55+ blamed poor economic management by Government while the increasing cost of living was the major factor for 41% of respondents aged 25-44.

  • Jan, 2013

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    The Australian economy

    Q. Thinking about the state of the world economy, how do you think the Australian economy has performed over the last few years compared to other countries?

     

    15 Aug 11

    7 May 12

    Total 29 Jan 13

    Vote Labor

    Vote Lib/Nat

    Vote Greens

    Total better

    70%

    66%

    70%

    84%

    64%

    71%

    Total worse

    10%

    15%

    12%

    5%

    16%

    10%

    A lot better

    31%

    29%

    29%

    45%

    18%

    35%

    A little better

    39%

    37%

    41%

    39%

    46%

    36%

    About the same

    16%

    16%

    16%

    10%

    19%

    17%

    A little worse

    7%

    9%

    7%

    3%

    9%

    6%

    A lot worse

    3%

    6%

    5%

    2%

    7%

    4%

    Don’t know

    3%

    3%

    3%

    2%

    1%

    2%

    70% think that Australia’s economy has performed better than other countries over the last few years, 16% say about the same and 12% think it has been worse. This represents a shift from net +51 to net +58 since this question was previously asked in May last year.

    There were no substantial differences across demographic groups although those on lower incomes were a little more likely to believe it has performed worse – for those on income under $600pw, 56% think Australia’s economy has performed better and 20% worse.

  • Jan, 2013

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    Trust to deal with GFC

    Q. If there was another Global Financial Crisis, which party would you trust most to deal with it?

     

    15 Aug 11

    7 May 12

    Total 29 Jan 13

    Vote Labor

    Vote Lib/Nat

    Vote Greens

    The Labor Party

    31%

    25%

    26%

    68%

    2%

    23%

    The Liberal Party

    40%

    42%

    40%

    4%

    84%

    6%

    No difference

    20%

    23%

    22%

    18%

    10%

    52%

    Don’t know

    9%

    10%

    11%

    10%

    4%

    19%

    If there was another GFC, 40% would trust the Liberal Party more to handle it and 26% would trust the Labor Party more. This represents a slight shift to the Labor Party from net -17% to net -14% since May last year.

    The Liberal Party was rated higher than Labor with all demographic groups except for low income earners – 35% of those earning under $600pw would trust the Labor Party more and 29% the Liberal Party. Those most likely to trust the Liberal Party more were aged 55+ (52%), full-time workers (45%) and income over $1,600 pw (44%).

  • Sep, 2012

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    Decisions of the Labor Government

    Q. Thinking about the decisions the Labor Government has made over the last few years, do you think the following decisions were good or bad for Australia?

    Total good

    Total bad

    Very good

    Good

    Neither good nor bad

    Bad

    Very bad

    Don’t know

    Expanding dental health services for people on low incomes

    77%

    5%

    33%

    44%

    14%

    2%

    3%

    5%

    Increasing the tax free threshold from $6,000 to $18,200

    75%

    4%

    36%

    39%

    16%

    3%

    1%

    5%

    Increasing the age pension

    70%

    11%

    30%

    40%

    13%

    7%

    4%

    6%

    Increasing superannuation from 9% to 12%

    68%

    9%

    27%

    41%

    16%

    6%

    3%

    6%

    Protecting large areas of Australia’s marine environment in a network of marine reserves

    67%

    8%

    28%

    39%

    20%

    5%

    3%

    7%

    Introducing the National Disability Insurance Scheme

    58%

    5%

    21%

    37%

    23%

    3%

    2%

    14%

    Implementing the recommendations of the Gonski report to increase education funding

    54%

    8%

    20%

    34%

    25%

    5%

    3%

    13%

    Stimulus spending to tackle the Global Financial Crisis (GFC)

    54%

    22%

    22%

    32%

    18%

    14%

    8%

    8%

    Spending on new school buildings during the GFC

    53%

    22%

    15%

    38%

    18%

    12%

    10%

    6%

    Paid parental leave

    52%

    20%

    17%

    35%

    23%

    12%

    8%

    5%

    Introducing a tax on large profits of mining companies

    49%

    25%

    24%

    25%

    17%

    13%

    12%

    8%

    Implementing the recommendations of the expert committee on asylum seekers including offshore processing

    45%

    15%

    15%

    30%

    28%

    8%

    7%

    12%

    Building the NBN (National Broadband Network)

    43%

    28%

    17%

    26%

    22%

    14%

    14%

    7%

    Abolished WorkChoices

    42%

    27%

    23%

    19%

    19%

    17%

    10%

    12%

    Introducing a carbon tax to tackle climate change

    28%

    51%

    14%

    14%

    15%

    16%

    35%

    7%

    The two most popular decisions of the Labor Government are ‘expanding dental health services for people on low incomes’ (77% total good) and ‘increasing the tax free threshold from $6,000 to $18,000 (75% total good).   The least popular decisions were ‘Building the NBN’ (43% total good), ‘Abolished WorkChoices’ (42% total good) and ‘introducing a carbon tax to tackle climate change’ (28% total good).

    Of the fifteen decisions put to respondents, the majority of respondents believed that 10 of the 15 decisions were good for Australia.  For the remaining 5 decisions, a larger portion of respondents generally regarded the decision to be good for Australia except for ‘introducing a carbon tax to tackle climate change’, where the majority of respondents (51%) believed it to be bad for Australia.

    Female respondents were more likely to endorse the dental health reforms (80% total good) compared with male respondents (74% total good).

    Increasing the age pension was most strongly supported by respondents aged 65+ (77% total good).

    Introducing paid parental leave was more popular with female respondents (57% total good), compared with male respondents (46% total good).  Looking at this decision by age, it was most popular amongst respondents aged 25-34 (62%) and 35-44 (62%) whereas respondents aged 65+ were the most likely to regard the decision as a bad one (36% total bad).

    Implementing the recommendations of the expert committee on asylum seekers including offshore processing proved to be a very popular decision amongst respondents aged 65+ (65% total good), whereas respondents aged 25-34 were the most likely to regard it as a bad decision (43% total bad).

    Female respondents were more likely to regard ‘protecting large areas of Australia’s marine environment’ as a good decision (72% total good) compared with male respondents (60% total good).

  • Jul, 2012

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    Impact on Australia of European Economic Crisis

    Q. How much impact do you think the current economic and financial problems in Europe have on the Australian economy— a major impact, some impact, only a small impact or no impact?

     

    Total

    Vote Labor

    Vote Lib/Nat

    Vote Greens

    A major impact

    14%

    12%

    18%

    8%

    Some impact

    60%

    61%

    65%

    55%

    Only a small impact

    16%

    18%

    12%

    24%

    No impact

    3%

    2%

    1%

    6%

    Don’t know

    7%

    7%

    3%

    6%

    14% think the financial and economic problems in Europe have a major impact on the Australian economy and 60% think they have some impact. Only 19% think they have only a small or no impact.

    82% of respondents aged 55+ and 83% of Liberal/National voters think they have major/some impact.

    Those most likely to think they have only a small or no impact were aged under 35 (23%) and Greens voters (30%).

    Of those who had heard or read a lot about the problems in Europe, 26% think they have a major impact on the Australian economy and 58% think they have some impact.

  • Jul, 2012

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    Trust to Deal with Global Economic Problems

    Q. Who do you trust most to deal effectively with global economic problems – Julia Gillard and the Labor Party or Tony Abbott and the Liberal Party?

     

    Total

    Vote Labor

    Vote Lib/Nat

    Vote Greens

    Julia Gillard and the Labor Party

    32%

    80%

    3%

    68%

    Tony Abbott and the Liberal Party

    42%

    3%

    84%

    11%

    Don’t know

    26%

    17%

    13%

    21%

    42% would trust Tony Abbott and the Liberal Party more to deal effectively with global economic problems and 32% would trust Julia Gillard and the Labor Party more.

    Those more likely to trust Tony Abbott and the Liberal Party were aged 55+ (51%), full-time workers (46%) and income $1,600+ pw (48%).

    Respondents earning less than $1,000 pw were more likely to trust Julia Gillard and the Labor Party  (39%) than Tony Abbott and the Liberal Party (35%).

    Of those who had heard or read a lot about the crisis in Europe, 46% would trust Tony Abbott and the Liberal Party more to deal effectively with global economic problems and 41% would trust Julia Gillard and the Labor Party more.

  • Jul, 2012

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    Are we a nation of financial dunces?



    Ian Silk shares some frightening statistics about our lack of literacy when it comes to super and investing.

    At a time when people are being asked to make more financial decisions than ever before, study after study shows the vast majority are overwhelmed by increasingly complex transactions.. It’s a startling fact for a country with the greatest number of shareholders in the world.

    When it comes to super, as many as 43% of people rate themselves as having “none” (8%) or “only minimal” (35%) levels of knowledge about superannuation. CEO of AustralianSuper Ian Silk explains why one solution to start financial education at school level and embed the basic concepts could be the answer.

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