Research

Factors Affecting Financial Wellbeing

61% of psychological & behavioural factors affect financial wellbeing

9% of financial knowledge and experience factors affect financial wellbeing

14% of economic factors affect financial wellbeing

16% of social factors affect financial wellbeing

Australia's Attitudes and Behaviours*

59%

Pay their credit card balance in full each month

35%

Know the exact value of their super

40%

Understand the concept of diversification

53%

Pay more than the minimum amount due on their mortgage

*Australian Financial Attitudes and Behaviour Tracker, Wave 6, 2018 - ASIC  

Worrying Snapshot*

Over 1 in 2 (55%) are anxious when they think about their financial situation in retirement

Over 1 in 3 (35%) find dealing with money stressful and overwhelming

Over 1 in 4 (28%) have less than $1000 in savings

1 in 5 (19%) are not able to access $2000 in an emergency

Troubling Snapshot

Women currently retire with 47% less superannuation than men

40% of older single retired women live in poverty and experience economic insecurity in retirement

Female graduates earn $5,000 less than male graduates in the same role

Women working full-time earn 18% less than men

  • Jane Monica-Jones
  • Jane Monica-Jones
  • Jane Monica-Jones
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