‘The year of living costs’: financial pressures top Australia’s worry list in 2022

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‘The year of living costs’: financial pressures top Australia’s worry list in 2022
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The polls detected rising anxiety about living costs early in 2022. It is now entrenched as our number one concern.

, conducted for this masthead, shows the share of voters ranking “keeping the cost of living low” as the top government policy priority rose from 16 per cent in January to 32 per cent in December, by far the highest of any issue. Next was “the environment and climate change” on 13 per cent.

“Some people, especially those on fixed incomes, are now telling us that they are having to make tough choices about what essentials to spend their money on, like food or utilities.”, which asks a representative sample of the population to identify the three top challenges facing the nation, shows four of the top five public worries in December were financially related.

Petrol prices jumped up the worry list after Russia’s invasion of Ukraine in February disrupted oil supplies and sent prices rocketing. In July, almost one in three rated petrol prices among their biggest worries, although the share has tailed off since. While the cost of living tops the national worry list, opinion polls show the environment and climate change is also entrenched as a public concern.

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