Satisfied Neither Dissatisfied Net Satisfied: Current standard of living Personal financial circumstances in the next 12 months Get Better Stay the Same Get Worse Net Better: “Cost of living Is so high, bills are high, mortgage is high. Don't feel like we can keep up. Outgoings are higher than incomings even with budgeting.” “I'm buying a house so I will loose a significant amount of money.” “My wages will not keep up with the rising costs of expenses, standard of living and inflation.” “I am on maternity leave from my job for a year, however only get paid 6 weeks leave. This will put huge pressure on my husband as the sole income for the family.” “The cost of living is still going up, and having a fairly big family, it is getting increasingly harder to make ends meet.” “Already selling assets to supplement pension. Eventually will have nothing to sell.” “Worrying that the super I have or will have when I retire will not be enough for our needs.” “Retired. Fixed income. Doesn't keep up with cost of living.” “I am an Aged Pensioner and pay $320.00 rent per week, which leaves me very little after paying my bills. We haven't had a substantial rise in pensions for years now and prices keep going up on everything.” “My savings will shrink.” “Reduced funds in SMS.” “I'm about to go on unpaid maternity leave.” Why circumstances will get worse 44% 26% 30% 22% 28% ++++z ++++z 50% Gen X [1965-1980] 21% of population +9+++z 7++++z 13% 46% 40% 58% 19% 23% Boomer [1946-1964] 21% of population 52% 24% 24% 22% 46% 32% Australia ++++z ++++z 8% 51% 41% 4++++z ++6++z 67% 20% 13% Silent [1928-1945] 8% of population ++++z ++++z 49% 28% 23% 36% 40% 24% Millennial [1981-1996] 23% of population n=1022. Fieldwork conducted in April 2018 Ipsos Financial Circumstances: 2018 For more information contact: The Ipsos Financial Circumstances infographic is a cross generational look at Australians’ current standard of living and their future financial circumstances. Daniel Evans Deputy Managing Director [email protected] (03) 9946 0850 Joe Curran Research Manager [email protected] (03) 9946 0847