Wellbeing on the rise as financial stress starts to ease
Report
April 11, 2024
NAB Consumer Sentiment Survey Q1 2024
Consumer stress has eased for the first time in six quarterly surveys
- Price perceptions have also moderated, but sentiment remains fragile with fears of renewed growth in prices over the coming year.
- With the number of consumers making targeted cutbacks continuing to rise, many Australians have been able to make more savings and in most areas.
- Future spending expectations are still cautious though a little less restrained.
- With cost of living still a key concern, consumer satisfaction is highest for discounters (supermarkets and department stores).
