Stagnant wages and growing concerns about the state of the jobs market is now weighing on the financial comfort of Australians with a new survey revealing hundreds of thousands of households barely holding their finances together.

Ahead of key wage and employment figures, the ME Bank six-monthly survey of financial comfort suggests the long period of slow income growth is leaving many people struggling to cover day-to-day bills.

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.

ME's six monthly survey of financial comfort shows more Australians feeling the pinch from low wage growth and growing concern about the jobs market Credit:Louie Douvis

Comfort among working Australians dropped the sharpest with full and part-time workers all registering sizeable declines.