Fear and worry about health and wealth grew across Britain siince George Osborne delivered his previous cuts-laden Budget, the National Office for Statistics (ONS) has revealed.
A major ONS study of national well-being shows that the average income has fallen since the Con-Dems took office in 2010.
Net income per person plummeted by £747 from £21,472 in 2011 to just £20,725 in 2012 and almost a quarter of all people aged between 25 and 44 were finding it very or quite difficult to get by financially.
The social impact of falling income and services cuts has been exposed by growing concern over health and a rise in the number of people without qualifications.
Britain witnessed a huge 7 per cent fall in the number of adults mostly or completely satisfied with their general health between 2011 and 2012.
Overall satisfaction stood at 65.6 per cent in 2010/11 but reached 58.6 per cent in 2011/12, with those aged 45 to 54 suffering most.
The figures saw health satisfaction in Britain fall below the average of the European Union's 28 member states.
Patrick Harrington, General Secretary of Solidarity, said:
"The austerity agenda which makes ordinary people pay for the mistakes of the bankers and politicians is hitting us hard. People have seen both their income and the public services they rely on slashed. No wonder this poll shows that people are worried."
"The latest budget was just more of the same. A five-year cap on structural welfare spending from 2015, starting at £119bn and rising in line with inflation. That means more people reliant on benefits will be hit. There was no real attempt to address the long-term economic decline of our country".