Table of Contents
Key Findings
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- The pace of change is slow, but steady
- Financial health is subjective
- Key economic indicators
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- Figure 1: Key Economic Indicators, August 2015
Current Financial Situation
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- A cautiously positive outlook
- Long-lasting effects
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- Figure 2: “How would you generally describe your financial situation at the moment?” July 2015
- The Goldilocks economy
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- Figure 3: The wellbeing index, 2009-2015
- The financially healthy consumer
Changes in Financial Wellbeing
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- Consumers more likely to be better off than worse off
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- Figure 4: “How would you describe your finances compared to a year ago?”, July 2015
- The generation gap
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- Figure 5: The recovery index, 2011-2015
- Improvements not necessary for financial wellbeing
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- Figure 6: “How would you describe your finances compared to a year ago?”, by “How would you generally describe your financial situation at the moment?” July 2015, July 2015
Financial Confidence
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- Majority remain concerned
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- Figure 7: “And how do you feel about your financial situation over the next year or so?”, July 2015
- The uncertain middle
- A post-election return to confidence
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- Figure 8: The financial confidence index, 2009-2015
- Caution prevails
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- Figure 9: “And how do you feel about your financial situation over the next year or so?”, by “How would you generally describe your financial situation at the moment?”, July 2015
Spending Plans
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- Returning confidence is beginning to influence spend
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- Figure 10: “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?”, July 2015
- Higher spending power doesn’t always equate to indulgence
- Planned spend poised to overtake past spend
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- Figure 11: The spending index, 2012-2015
- The luxury of savings
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- Figure 12: “Thinking about how you spend your money, which of the following have you done over the last 3 months? And which do you plan to do over the next 3 months?”, by “my current financial situation is healthy”, July 2015
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- Figure 13: “Where do you choose to spend your extra money (once all your bills are paid and you have bought all of the things you really need)?,” by “my current financial situation is healthy,” July 2015
What It Means
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- Legacy insecurities are slowing the pace of change
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