What do you think is ahead for our economy in 2022? 
Well a recent Roy Morgan web survey shows over a third of Australians, 37%, think next year will be a year of ‘Economic difficulty’, although this is down 11% points on a year ago when nearly half of Australians, 48%, predicted ‘Economic difficulty’ for 2021.
For the second straight year there are only 19% of Australians who think next year will be a year of ‘Economic prosperity’.
Nearly half of all Australians think next year will either ‘Remain the same’ (37%) or don’t know 7% how the economy will perform.
Do you think next year will be a year of ‘Economic prosperity’, ‘Economic difficulty’, or ‘Remain the same’ for your country (2020 cf. 2021)
Source: Roy Morgan web surveys in Australia 2020 & 2021 with an average of 1,000 Australians aged 18+ interviewed in each year.
Question: “Compared to this year, in your opinion, will next year be a year of economic prosperity, economic difficulty or remain the same for your country?”
Not surprisingly, the results varied by state.
- many in our largest States think next year will be a year of ‘Economic difficulty’ led by Queensland (43%), Victoria (38%) and New South Wales (35%).
- However, in Western Australia (46%) and South Australia (45%), a clear plurality of people expect in economic terms next year will ‘Remain the same’.
Most people aged 18-34 & 65+ think 2022 will be a year of ‘Economic difficulty’
Analysing by age group shows younger Australians aged 18-34 and older Australians aged 65+ agree – most people in these age groups expect 2022 will be a year of ‘Economic difficulty’ – including 42% of people aged 18-24, 41% of people aged 25-34 and 36% of people aged 65+.
In contrast, there are pluralities of people aged in the middle who think 2022 will ‘Remain the same’ as 2021 in economic terms. Nearly half, 44%, of people aged 50-64 and nearly two-fifths (39%) of people aged 35-49 say 2022 will ‘Remain the same’ as 2021.
Although in a minority amongst all age groups, the most positive about 2022 are people at either end of the age scale with 25% of people aged 18-24 and 24% of people aged 65+ saying next year will be a year of ‘Economic prosperity’ – far higher than any other age groups.
When it comes to the two genders a plurality of 39% of men say next year will ‘Remain the same’ in economic terms while around a third, 34%, say it will be a year of ‘Economic difficulty’. Women are slightly more negative with 39% expecting a year of ‘Economic difficulty’ compared to 35% who say next year will ‘Remain the same’.
Analysis by Age & Gender – Will next year be a Year of ‘Economic Prosperity’, ‘Economic Difficulty’ or ‘Remain the same’
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Source: This special Roy Morgan web survey was conducted in late November with a cross-section of 1,184 Australians aged 18+.
People in NSW, Victoria, and Queensland predict 2022 will be a year of ‘Economic difficulty’
Analysing by State shows people in Queensland are the most likely to be negative on economic prospects for next year with 43% predicting a year of ‘Economic difficulty’ – a higher proportion than any other State.
There are narrow pluralities in Tasmania (40%), Victoria (38%), and New South Wales (35%) that also predict next year will be a year of ‘Economic difficulty’.
In contrast, nearly half of the people in Western Australia (46%) and South Australia (45%) think in economic terms next year will ‘Remain the same’ as this year.
Similarly, to general views revealed yesterday on whether 2022 will be ‘better’ or ‘worse’ than 2021, it is people in New South Wales (22%) and Victoria (21%) who are the most likely to say next year will be a year of ‘Economic prosperity’.
Those least likely to say this are in Tasmania (11%) and South Australia (13%).
Respondents in Australia’s Country Areas (39%) are slightly more likely than those in the Capital Cities (36%) to predict next year will be a year of ‘Economic difficulty’
Analysis by States & Regions – Will next year be a Year of ‘Economic Prosperity’, ‘Economic Difficulty’ or ‘Remain the same’
Source: This special Roy Morgan web survey was conducted in late November with a cross-section of 1,184 Australians aged 18+.
Source: Roy Morgan - read the full article here
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