That Westpac Consumer Confidence has a question - Do you expect to be better or worse off financially in a years time?
More now saying No than Yes ...a net negative score
This shows people are now less optimistic about improvements in their own personal position than at any time in the last 30 years outside periods when the economy was already in the midst of a recession (and materially lower than in the fairly shallow 1997/98 recession).
As an aside share markets don’t do too well when this goes negative ...hmmm