Skip to content
National News Current Affairs, Political

Voters trust Labor over Liberals on cost of living: polling

The Australia Institute 2 mins read

Media release | Thursday, 30 November 2023

Labor is trusted over the Coalition to manage the cost of living crisis even as more people struggle to make ends meet, new research from the Australia Institute shows.

The survey of 1,379 people found the highest income earners on more than $200,000 were the only group that said their income grew as fast or faster than the cost of living over the last year.

Key findings:

  • 40% of Australians prefer Labor’s approach to cost of living and low wages growth, compared to 33% who believe the Coalition has a better approach.

  • Nearly three-quarters (72%) say their income grew more slowly than the cost of living over the past year, with 38% saying their income grew much slower.

  • Australians earning more than $200,000 were the only group where a majority (53%) said their income either grew as fast as or faster than the cost of living.

  • Over-60s are the only age group that prefers the Coalition (38%) over Labor (35%) on cost of living and wages growth.

  • More Australians living in metropolitan areas trust Labor over the Coalition (42% to 31%), while the reverse is true in rural areas (33% to 38%).

Figure 1: Income growth compared to cost of living

“Our research shows that Labor and Prime Minister Anthony Albanese are more trusted than their Coalition counterparts when it comes to dealing with the cost-of-living crisis,” said Greg Jericho, Chief Economist at the Australia Institute.

“While more Australians trust Prime Minister Albanese on this issue, there is still nearly one-third of voters who see no difference between the two major parties on the cost of living.

“The cost of living crunch has been going on for more than just the past year. Australians want solutions and they are looking to their political leaders to better manage inflation.

“Voters clearly support government measures to support real wages growth and protect workers from exploitation through the Closing Loopholes legislation.

“With cost of living likely to remain at the top of voters’ minds into the new year, popular policy options such as reforming the Stage 3 Tax Cuts must remain on the table. Redesigning these extraordinarily expensive tax cuts that mainly go to wealthy Australians could both help to tackle inflation while supporting middle- and lower-income Australians who are genuinely struggling in this economy."

 

The Australia Institute is a member of the Australian Polling Council. The polling methodology, long disclosure statement and margin of error for polling questions are included in the appendix of the report.

Media enquiries:
Luciana Lawe Davies 0457 974 636

 

Media

More from this category

  • National News Current Affairs, Travel Tourism
  • 19/07/2024
  • 18:28
Australian Travel Industry Association

Comment on impact of Microsoft outages on travelling Australians

Comment on microsoft outages on travelling Australians from ATIA CEO Dean Long "“This is an issue that is impacting people’s travel in different ways depending on where they are and which airline they’re flying. A big shout out to all our travel professionals out there who are doing what they can to support Australians in their travels whether it’s getting away or getting home.”Contact details: Head of Media LJ Loch 0488 038 555 or lj.loch@atia.travel

  • Energy, Political
  • 19/07/2024
  • 11:11
Climate Council & Smart Energy Council

*BRIEFING INVITE* Understanding Australia’s Energy System: A guide to the National Energy Market

Energy is shaping up to be a key election issue, and Australia’s energy system is complicated and changing. The Climate Council and the Smart Energy Council are hosting a background briefing for journalists on the essentials of the Australian energy system, particularly thinking of those of you who might be new to the energy beat, need a refresher on the system or have a burning question for an expert. Our independent experts will explain what the east coast grid and National Energy Market actually look like, and what we do and don’t need to ensure a reliable supply in the…

  • Political, Science
  • 18/07/2024
  • 08:01
Parliament of Australia

Treaties Committee to examine extension of Australia-US scientific balloon agreement

TheJoint Standing Committee on Treatieswill hold a public hearing today for its inquiry into theExchange of Notes to extend the Exchange of Notes constituting an Agreement between the Government of Australia and the Government of the United States of America to Amend and Extend the Agreement concerning the Conduct of Scientific Balloon Flights for Civil Research Purposes of 16 February 2006. The treaty action concerns the extension of a 2002 agreement between the Australian and US Governments which would allow the National Aeronautics and Space Administration (NASA) to continue conducting scientific balloon experiments in Alice Springs. Committee Chair,Mr Josh Wilson…

Media Outreach made fast, easy, simple.

Feature your press release on Medianet's News Hub every time you distribute with Medianet. Pay per release or save with a subscription.