The outlook Australians hold for the future has been deeply sub-par for a long while now, with the ANZ-Roy Morgan Consumer Confidence Index sitting dramatically below the post-1990 level and roughly where it was during the Global Financial Crisis.
While elements of the index have undergone a recovery, the forward-looking subindexes remain in deeply concerning territory.
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The outlook for personal financial conditions over the next 12 months has fallen back to below the pandemic lows on a 4-week moving average basis.
