Most Aussies not affected by GFC

THE majority of Australians were not largely affected by the global financial crisis, but they didn't necessarily know it, results of an annual survey on the nation's confidence and cost of living revealed on Tuesday.

Each year the Melbourne Institute completes a survey of the same 13,000 Australians to see how they are faring in home budgets and general well-being.

The Household Income and Labour Dynamics in Australia survey results from 2009 were released on Tuesday.

Principal researcher Roger Wilkins said the survey showed that in 2009, the GFC had largely passed unnoticed, with only a minor increase in unemployment when compared to the recessions of the 80s and 90s.

He said the survey showed while the economic downturn in 2007-2008 in Australia quite mild, by 2009 there was about a 2% increase in unemployment.

Mr Wilkins said the vast bulk of those who lost their jobs were relatively young (aged 25-44), white collar workers with university educations, while in the previous recessions, it had been primarily lower skilled workers who lost jobs.

One of the driving causes preventing the GFC having a major effect in Australia was the government's stimulus hand-outs.

He said the first round of the Keynesian stimulus gave some families literally thousands of dollars in extra disposable income.

But the increase in income did not translate to an increase in the public confidence.

Mr Wilkins said the survey revealed most Australians were still facing an uncertain future and while the economic downturn was mild, due to higher expectations of living standards and overseas uncertainty, the national mood did not improve.

The data collected takes most of two years to collect, analyse and produce a report on, which is why the 2009 was only released on Tuesday.

Topics:  global financial crisis survey

Dreamworld: This tragedy won't stop us going back

"Dreamworld still has my support 10000% percent."

Appeal for information over assault on woman

Police are appealing for information in relation to an assault on a woman in Woolgoolga in February.

Police release description of man wanted over assault

Dreamworld shock: Son and daughter saw parents die

 New Zealand expat Cindy Low, 42, (back right) has been named as the fourth victim who died in the accident at Dreamworld yesterday. An investigation is underway to determine how four people died on the 30-year-old Thunder River Rapids ride at the Gold Coast theme park.

It is understood Kieran was the last person to see his mum alive.

Local Partners

The Bachelor contestants find love with each other

Former Bachelor contestants Megan Marx and Tiffany Scanlon have confirmed their relationship on social media.

MEGAN Marx and Tiffany Scanlon confirm relationship on Instagram.

Liam Payne wants to wed Cheryl Fernandez-Versini

Cheryl Fernandez-Versini and Liam Payne

Liam Payne reportedly wants to marry Cheryl Fernandez-Versini

Bindi Irwin 'honoured' to make MAXIM HOT 100 list

Wildlife Warrior named among Australia's most beautiful women

Len Wiseman files for divorce from Kate Beckinsale

Kate Beckinsale

Len Wiseman has filed for divorce from Kate Beckinsale

First look at Gilmore Girls: A Year in the Life series

Lauren Graham and Alexis Bledel in a scene from the TV series Gilmore Girls: A Year in the Life.

NETFLIX drops first trailer for its revival of fan favourite.

Unique riverfront home sells for almost $1M

SOLD: Ray White real estate agent Alan Bruchert has just put a new sticker on Maclean's most expensive house to sell in a decade.

Maclean's highest house sale this decade

Tough times in CBD: Woolies says goodbye Ipswich

Woolworths in the Ipswich Mall.Photo: Rob Williams / The Queensland Times

The last day of trading will be January 1

Look at me! Kath and Kim home up for sale

Kath and Kim from the iconic Aussie TV series.

'Crack open the Baileys and grab a box of BBQ Shapes'

Hinterland horse stud passed in for $8.25 million

UNREAL: This Maleny estate is incredible.

12-bedroom hinterland horse stud still available

Hit songwriter's Noosa mansion on market

SPECIAL PLACE: The Cintamani estate is going to tender, marketed by Tom Offermann Real Estate.

Is this Queensland's best property?

Kiwi siblings snap up Dotcom mansion for $32.5m

The new toy company owners of the Coatesville mansion want replace any controversy with positivity and fun. Photo / Barfoot and Thompson

The trio paid $32.5 million for the property in June