ANZ Roy Morgan Financial Wellbeing Indicator August 2022
The ANZ Roy Morgan Financial Wellbeing Indicator (FWBI) has been a compelling measure of how COVID-19 and recent economic instability has impacted lives and livelihoods in Australia. Since prior to the start of the pandemic, the FWBI has been reported as a 12-month moving average, with regular updates showing the movement in aspects of financial wellbeing across locations and for a range of segments in the community.
This update examines how financial wellbeing has changed in 2022, comparing the May 2022 results with those of December 2021. The financial wellbeing of Australians had partially recovered by the end of 2021 from the post COVID-19 lows experienced in March. This update illustrates how Australia has experienced a second downturn in financial wellbeing, which generally weakened since December 2021 as Omicron cases surged and publicity about rising inflation and interest rates increased.
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Margin of Error
The margin of error to be allowed for in any estimate depends mainly on the number of interviews on which it is based. Margin of error gives indications of the likely range within which estimates would be 95% likely to fall, expressed as the number of percentage points above or below the actual estimate. Allowance for design effects (such as stratification and weighting) should be made as appropriate.
| Sample Size | Percentage Estimate |
| 40% – 60% | 25% or 75% | 10% or 90% | 5% or 95% | |
| 1,000 | ±3.0 | ±2.7 | ±1.9 | ±1.3 |
| 5,000 | ±1.4 | ±1.2 | ±0.8 | ±0.6 |
| 7,500 | ±1.1 | ±1.0 | ±0.7 | ±0.5 |
| 10,000 | ±1.0 | ±0.9 | ±0.6 | ±0.4 |
| 20,000 | ±0.7 | ±0.6 | ±0.4 | ±0.3 |
| 50,000 | ±0.4 | ±0.4 | ±0.3 | ±0.2 |
