Digital Finance Analytics (DFA) Blog
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After the slight twitch of positive sentiment following the election in May, the DFA Household Finance Confidence Index fell again, to a new low of 85.54. Whilst the RBA rate cut may offer some borrowers the prospect of improved cash flow (when the changes propagate through to the regular repayment), just as many households bemoan … Continue reading “Household Finance Confidence Tanks Some More”
We have released our latest financial confidence index which is derived from our rolling 52,000 household surveys. The index moved a little higher since the election, reflecting some more positive vibes from property investors, at the margin, and from those holding property more generally. It is all relative however, as the current read of 86.34 … Continue reading “Household Financial Confidence Bounces Post Election”
We have released the April 2019 edition of our confidence index, based on our rolling 52,000 household survey. The index fell again, to an all time low. All wealth segments declined (even those without a mortgage), but those leveraged up are really concerned now. Property Investors continue to take a bath, thanks to lower capital … Continue reading “Household Financial Confidence Decays – Again!”
DFA has released the March 2019 Household Financial Confidence Index, which is based on our rolling 52,000 household surveys. The index reached a new low this past month as the weight of issues on many household’s shoulders pile up. The index fell to 86.1, well below the 100 neutral setting. This video discusses our findings. … Continue reading “Household Financial Confidence Dives Again”
Via Wall Street On Parade – Pam Martens: April 4, 2019 Dear Engaged Citizens in Australia: As both the interim and final report from your Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry has confirmed, the good, decent, hardworking people of Australia are under attack from their own banking system in … Continue reading “An Open Letter to Australians: Only Glass-Steagall Can Save You from the Banks”
The latest from our household surveys reveals a further fall in household confidence, with the data to end February 2019. The overall index fell to 86.5, the lowest since we have run the series. The state indices have converged at a level below the neutral setting. The age groups continue to show younger households are … Continue reading “Household Finance Confidence Slumps In February”
This is starting to look serious as the latest DFA household financial confidence index results for January 2019 reveals a further decline in levels of confidence. The index fell to 87 in January, down from 87.3 in December, the lowest its been since the survey commenced, well below the neutral setting of 100. By way … Continue reading “Household Financial Confidence Tanks Again (But Are Investors Back?)”
Central Banking Publications has named the Bank Financial Strength Dashboard as ‘Initiative of the Year’ in its annual awards. In announcing the award, Central Banking commented that very few central banks have opened up their financial system to public scrutiny to quite the same level as the Reserve Bank of New Zealand. They said that … Continue reading “RBNZ Bank Financial Strength Dashboard wins international award”
Following on from our mortgage stress report for December 2018, which we released yesterday, we complete our monthly data series with the release of the December Household Financial Confidence Index, our gauge of how households are feeling about their financial situation. The overall index fell again in December to an all-time low of 87.3 (which … Continue reading “Household Finances Are Shot”
DFA has released the final dimension from our household surveys to end November 2018, zeroing in on financial confidence. As is perhaps predicable, the overall index fell again, down to 87.8, well below the neutral setting, and close to the record low we measured in 2015. Property owning household segments continue to react to the … Continue reading “Household Financial Confidence Weakens Again In November”