Financial stress
21st November 2018
Australia is one of the wealthiest countries in the world, we also have some of the highest household debt in the world.
Financial stress is now very common and affect many people as the cost of owning a house or renting continues to increase. Combine this with the cost of services, food, electricity, transport, petrol, health, and education – it is no wonder the amount of people under financial stress is increasing.
Increasingly people are also relying on their credit cards to maintain their lifestyle. With credit so readily available it is hardly surprising that so many are feeling the strain.
Financial security is a major contributor to our personal happiness and wellbeing. Financial stress is not confined to low-income households and is felt by individuals and families across all income brackets.
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