Main Findings from the 2022 OECD Risks that Matter Survey / OECD.

Format:

Book

Author/Creator:

Organisation for Economic Co-operation and Development, author, issuing body.

Language:

English

Subjects (All):

National income.

Physical Description:

1 online resource (69 pages)

Edition:

1st ed.

Place of Publication:

Paris : OECD Publishing, [2023]

Summary:

Prices of essentials like energy and food have increased dramatically in OECD countries, adding uncertainty to household finances despite a persistently strong labour market post COVID-19. The latest edition of the OECD Risks that Matter (RTM) survey confirms that costs of living are at the top of people's minds even in the world's wealthiest countries: around nine in ten respondents, on average, report feeling concerned about inflation. Drawing on a representative sample of 27 000 respondents across 27 OECD countries, RTM illustrates respondents' perceived economic risks, levels of satisfaction with current social policies, and preferences for future government action on social protection. People are calling on governments to help with the cost-of-living crisis, to spend more on health post COVID-19, and to reinforce support for older people, including in long-term care. Based on a comprehensive cross-national survey of perceptions of social protection, this report offers lessons for the functioning of social programmes as countries emerge from COVID-19, manage the cost-of-living crisis, and plan for future challenges.

Contents:

Intro

Foreword

Acknowledgements

Executive summary

1 Economic health is at the top of respondents' minds post-COVID

1.1. Perceived financial insecurities have spread in recent years

1.2. Looking forward, worries about economic security are high

1.3. Exploring the relationship between economic insecurity and steeply rising prices

1.4. Younger respondents are more likely to report financial insecurities while older respondents are more concerned about health risks

1.5. Worries about finances and health remain relevant in the longer term

2 Are governments doing enough?

2.1. Satisfaction tends to be highest for education, safety, and health, but respondents doubt that support is reliable

2.2. Respondents vulnerable to cost-of-living increases feel less financially supported by their government than others

2.3. Perceived lack of access to healthcare is felt more keenly among older adults

3 Dealing with immediate and long-running challenges

3.1. Respondents say that governments' immediate priority should be to deal with the cost-of-living crisis

3.2. Few think they receive a fair share of benefits, with many thinking the rich should pay more

3.3. Spending should focus on healthcare and support for older adults

3.4. It is not just about spending more, care should be taken to make sure investments are effective

References

Annex A. Many worry about affording energy and food

Notes.

Notes:

Description based on publisher supplied metadata and other sources.

ISBN:

92-64-91883-3

92-64-80841-8