Original article by Roy Morgan
Market Research Update – Page: Online : 15-May-24

Financial wellbeing is the extent to which someone is able to meet all of their current commitments and needs comfortably, and has the financial resilience to maintain this in the future. The ANZ Roy Morgan Financial Wellbeing Indicator is reported as a 12-month moving average, with regular updates showing the changes in aspects of financial wellbeing across locations and for a range of segments in the community. The FWBI is a useful measure of how people are faring in their financial lives in Australia over time. This update examines how financial wellbeing changed in the December quarter of 2023 and year-on-year. While the financial wellbeing of Australians declined further in the December 2023 quarter, the quarterly decline was the smallest since March 2022. Indeed, the spot results show some improvement since June 2023 coinciding with the RBA (November excepted) leaving interest rates on hold during the September and December 2023 quarters. Download the full report.

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ROY MORGAN LIMITED, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ