59% of Australians feel worse off under Anthony Albanese

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I reported on Monday how Australian households have experienced a record 8.4% decline in real per capita incomes since the Albanese government came to office in Q2 2022.

Household income decline comparison

This decline in real household disposable incomes is also the largest in the developed world.

Household income comparison
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Polling released this week by Resolve Political Monitor showed that 59% of voters felt “worse off” under the Albanese government.

A separate survey from JWS Research showed that cost of living and housing supply and affordability are the two dominant areas Australians want the Federal Government to focus on.

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Issues of importance

Source: JWS Research

The survey also revealed that 43% of respondents believed that their standard of living has worsened over the past two years.

Standard of living
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Polling undertaken by RedBridge in August revealed that only 24% of respondents could name a single thing that had made their lives better since the Albanese government was elected.

Redbridge polling

The latest polling from Resolve Political Monitor also showed that only 21% of respondents agreed with the Albanese government’s slogan claiming “we have your back” with 56% disagreeing.

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Resolve polling

The above data highlights why the Albanese government is at grave risk of becoming Australia’s first one-term federal government since the Great Depression.

Election polling
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Living standards have collapsed and voters aren’t happy.

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.