Household financial comfort reverses

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By Leith van Onselen

The ME Household Financial Comfort Report for June half has been released, which provides an insight into the financial psychology of Australians based on a survey of 1,500 households.

The Report reveals that the Household Financial Comfort Index droped 6% to 5.41 out of 10, following an 11% fall in the ability to cope with financial emergencies (loss of income).

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.