Older Australians more optimistic post-election

insurance/federal-budget/smsf-essentials/

10 October 2013
| By Staff |
image
image
expand image

The outcome of the Federal Election saw an upturn in sentiment about the economy, particularly among older Australian men, according to new research published by insurer Allianz. 

The Allianz Future Optimism Index published this week found that after hitting a 12-month high in February with an Index Score of 12, optimism about the future of the economy slumped following the Federal Budget in May to a score of 5 and stayed at subdued levels in July. 

However, it said that with a score of 13, the post-election index had rebounded to February's levels and, in pure numerical terms, was at the highest score since early 2011. 

Commenting on the result, Allianz Australia managing director Niran Peiris said that, overall, Australians' optimism about the future of the economy had rebounded strongly following the Federal Election. 

"The biggest rise however has been among senior Australians, that is, those aged 65 or more," he said.

"The rise in optimism about the economy among senior Australians was the key driver of the overall rise." 

Peiris said that, traditionally, when overall economic optimism had been high, it had been both younger Australians, that is, those aged 18-43, and senior Australians that had recorded the highest levels of optimism, but the post-election rise had been limited to only older Australians.

Originally published on SMSF Essentials.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

2 months 3 weeks ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

2 months 3 weeks ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

4 months 4 weeks ago

ASIC has suspended the Australian Financial Services Licence of a Melbourne-based financial advice firm....

1 week 4 days ago

The corporate regulator has issued infringement notices to three AFSLs whose financial advisers provided personal advice to a retail client while unregistered....

2 weeks 3 days ago

ASIC has released the results of its first adviser exam to be held in 2025, with 241 candidates attempting the test....

3 weeks 1 day ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND