Aussies 'are generally happy with their finances'

Tuesday 10 July 2012

Article by Mozo

Aussies have generally remained happy with the state of their finances in the past decade, a new report has found.

According to the latest Household, Income and Labour Dynamics in Australia Survey (HILDA) undertaken by Melbourne University, people were satisfied with the amount of cash they had stored away in bank and savings accounts between 2000 and 2009.

The study suggested that levels of household income increased during the period – even after the global financial crisis.

This was because of a package put together by the Rudd government in 2008-09, which helped to stave off the effects of the worldwide downturn.

However, the research also indicated that people started to feel the pinch towards the end of 2008, with many Aussies saying that utility bills were a big burden.

This trend looks likely to continue, as many industry experts believe the government's new carbon tax will eventually see energy prices rise across the nation.

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Aussies 'are generally happy with their finances'

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