Australians are feeling worse about their wealth as worries about falling home prices and weak job market took according to ME Household Financial Comfort Report.
According to the report, two in five households continued to spend all their monthly income, while one in five don't feel confident they could raise $3000 in an emergency
The ME Bank six monthly survey of financial comfort found also that one in every two Australians also felt it would be difficult to find a new job.
Despite the federal government's tax cuts and falls in official interest rates, the survey found a drop in financial comfort for most Australians since February.
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