April 27, 2022

ANZ Roy Morgan Financial Wellbeing Indicator April 2022

Topic: Press Release
Finding No: 8954
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The ANZ Roy Morgan Financial Wellbeing Indicator (FWBI) has been a compelling measure of how the COVID-19 pandemic has impacted lives and livelihoods in Australia. Since prior to the start of the pandemic, the FWBI has been reported as a 12-month rolling average, with quarterly updates showing the movement in aspects of financial wellbeing across locations and for a range of segments in the community.

Close to two years on from the initial shock of the pandemic, this update examines how financial wellbeing has changed during the second year, comparing the December 2021 results with those of March 2021, when the financial wellbeing of Australians was at its lowest post COVID-19. While remaining below its pre-pandemic peak (March 2020), this update illustrates how financial wellbeing has changed generally for the better for Australians since March 2021, as vaccines were distributed and Australia began to ‘open up’ domestically and internationally.

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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

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