ANZ Roy Morgan Financial Wellbeing Indicator July 2020
Since the onset of COVID-19 during March 2020, the impacts on the economy and on people’s lives have been significant and widespread. The initial effect on financial wellbeing becomes evident in the months of April and May 2020.
The ANZ Roy Morgan Financial Wellbeing Indicator is ordinarily reported as a 12-month moving average every quarter. However, the 12-month moving average dampens the initial impacts of COVID-19 as it takes into account the financial wellbeing gains made throughout the latter half of 2019. This update focuses on a pre and post view of the impacts of COVID-19 on the ANZ Roy Morgan Financial Wellbeing Indicator, comparing the indicator result for the 12 months to March 2020 with the combined months of April and May 2020. Further results for the 12-month moving average for financial wellbeing (June 2019-May 2020) are shown in the full report.
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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 |
