STATE MEMBER FOR MALVERN
SHADOW TREASURER

Portfolio Media

RECORD SLUMP FOR VICTORIAN HOUSEHOLD FINANCES

The latest Members Equity Household Financial Comfort Report shows the financial comfort of Victorian households has dropped to a six-year low as families find themselves increasingly hamstrung by the rising cost of necessities.

The survey by Members Equity, which is aligned with union superannuation funds, also shows Victoria recorded a 7% hit - the worst recorded slide in the study’s six year history.

Victoria reported an overall grade of 5.3 out of 10 in financial comfort and takes our

state below the national average due to “deterioration across most drivers”. Victoria’s results are the second worst in Australia, barely ahead of South Australia which came last. 

The same report also shows that NSW households enjoyed an increase in their level of financial comfort.

With Victoria’s unemployment the worst in Australia and households facing massive

increases in electricity and gas under Daniel Andrews, it is no wonder Victorians have delivered a ‘thumbs down’ to Labor.

Daniel Andrews’ 12 new taxes are directly hurting Victorian families and businesses, while his $20 billion blowout on infrastructure is a monument to financial incompetence. 

Daniel Andrews and Labor’s mismanagement of the economy is hurting Victorians and making life tougher for families.

Contact Michael
Michael O'Brien MP

313 Waverley Road
MALVERN EAST VIC 3145

Phone: (03) 9576 1850
Fax: (03) 9576 1849


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