Table of Contents
Current Financial Situation
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- Will the feel-good factor return in time for the 2015 election?
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- Figure 2: “How would you generally describe your financial situation at the moment?”, January 2015
- The economic recovery will take time to feed through into consumer sentiment
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- Figure 3: Financial wellbeing index, 2009-15
- Generation X are feeling the squeeze
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- Figure 4: “How would you generally describe your financial situation at the moment?”, by age, January 2015
Changes in Financial Wellbeing
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- 23% say that they’re better off than at the start of 2014
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- Figure 5: “How would you describe your finances compared to a year ago?”, January 2015
- Two years of stability
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- Figure 6: The recovery index, 2011-15
- More than a third of Millennials say their finances have improved…
- …while 10% of baby boomers say that they are much worse off
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- Figure 7: “How have your finances changed over the last 12 months?”, by age, January 2015
Financial Confidence
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- Confidence edged upwards in January 2015
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- Figure 8: “And how do you feel about your financial situation over the next year or so?”, January 2015
- Figure 9: Financial confidence index, 2009-2015
- Generation Xers are facing an uncertain future
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- Figure 10: “And how do you feel about your financial situation over the next year or so?”, by household income, January 2015
Spending Plans
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- A New Year boost to spending plans…
- …and there are clear signs that people are looking for an excuse to spend
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- Figure 11: “Thinking about how you spend your money, which of the following have you done over the last three months? And which do you plan to do over the next three months?”, January 2015
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- Figure 12: Spending index, 2012-2015
- Youthful enthusiasm? Or just a lack of responsibilities?
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- Figure 13: Spending index, by household income, January 2015
What it Means
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- Expect improvement – But not elation
- New year, new washing machine?
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