By Bruce Stokes, Director of Global Economic Attitudes, Pew Research Center

Special to CNN

With the September general election rapidly approaching, domestic polls show the government of Prime Minister Julia Gillard trailing the opposition by a growing margin, despite the fact that Australians are among the most satisfied publics in the world, according to a new Pew Research Center survey of economic sentiment in 39 countries.

A poll in The Australian newspaper earlier this month showed the opposition coalition with a 16-point lead over Gillard’s Labor Party, with regional polls suggesting heavy losses for the ruling party.

And yet, after a generation without a recession, Australians are happier with the state of their economy and their personal finances than most people in advanced, emerging or developing economies. They have relatively high hopes for Australia’s and their own economic futures. And they are among the least worried about inequality and unemployment.

Read more at CNN’s Global Public Square blog