In mid-March the Australian Bureau of Statistics released the results of the 2010 social survey for States and Territories. The results of the survey for Australia as a whole were released in September 2011. The release of the survey results is an opportune time to revisit the financial shape of Australians.
While the social survey covered a raft of topics like internet use, attendance at sporting events, acceptance of other cultures, this report focuses on the results that relate to the economy and financial markets.
The latest social survey results cast dispersions on a lot of commonly-held beliefs. We may generally perceive that people are struggling through life, racking up the debts and not in great health, but collated survey results reveal a far different picture. Over half of us say we are in excellent health; almost two-thirds of Aussies have no consumer debt, and only one in three have experienced a major stress event over the past year.
To read the full CommSec report, click here.
