Economic Optimism Higher in Australia and Canada, Compared to Britain and U.S.
Australians and Canadians are also feeling more positive about their current domestic economic conditions than Americans and Britons.
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(07/25/12) -
People in Australia and Canada are more likely to hold positive feelings about their respective economies than Americans and Britons, a new poll conducted by Vision Critical Opinions Australia in partnership with Nine Rewards and Angus Reid Public Opinion has found.
In the online survey of representative national samples in four countries, a majority of respondents in Australia (57%) and Canada (58%) rate the economic conditions in their country as “very good” or “good.” Only 21 per cent of Americans and 12 per cent of Britons feel the same way about their own domestic economies.
While the proportion of Australians and Canadians who claim the economic conditions in their respective countries are “very bad” is in single digits (6% on both), it reaches 28 per cent in Britain and 29 per cent in the United States.
Two thirds of Australians (69%) and Canadians (67%) say they are “very optimistic” or “moderately optimistic” about the future—a view shared by 52 per cent of Americans and 43 per cent of Britons.
Respondents in the four countries were asked what they would do if they were given 1,000 dollars or pounds today. On average, Australians would devote more than two thirds of the money to pay down debt ($301), save in a bank account ($236) and spend on a holiday ($155).
Canadians are more likely to pay down debt and save than respondents from other countries, while Britons would allocate more money to spend on a holiday and cover daily expenses.
Full Report, Detailed Tables and Methodology (PDF)
CONTACT:
Peter Harris, Managing Director, Vision Critical AUS/NZ
+02 9256 2001
peter.harris@visioncritical.com
Full Methodology Details:
Vision Critical Australia and Angus Reid Public Opinion conducted an online survey among:
- 1,505 Australian adults who are Nine Rewards panelists, from 6 July to July 8, 2012.
- 2,033 British adults who are Springboard UK panelists, from June 12 to June 13, 2012.
- 1,003 Canadian adults who are Angus Reid Forum panelists, from July 4 to July 5, 2012.
- 1,005 American adults who are Springboard America panelists, from July 6 to July 8, 2012.
The margin of error—which measures sampling variability—is +/- 3.1% for Canada and the United States, +/-2.5% for Australia, and +/-2.2% for Great Britain. The results have been statistically weighted according to the most current education, age, gender and region Census data to ensure a sample representative of the entire adult population of each country.
