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