Financial wellbeing takes the spotlight during a cost-of-living crisis
As Australia grapples with a severe cost-of-living crisis, employees are finding themselves in increasingly precarious financial situations. According to a recent report by Finder, 3 in 5 (59%) Aussies say they are experiencing financial stress. That’s equivalent to 11.9 million Australians under financial strain. It’s significantly worse for women, with 69% admitting they have been feeling the pinch. Over nine million Australians (45%) have less than $1,000 in savings, with 20% having no savings at all. This economic pressure is placing a significant strain on workers, affecting not only their financial health, but also their mental wellbeing and productivity. Read more
