One in four Australian workers financially stressed

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Financial stress is now a fact of life for more than one in four Australian workers who say they have low confidence in their financial position and find it difficult to make ends meet. New research, undertaken by AMP for its 2016 Financial Wellness report, revealed Australians’ confidence in their finances continued to decrease in […]

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FPA’s Dare to Dream Campaign – inspiring Australia to dream! (Part 1)

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As part of the recent 16th Financial Planning Week the FPA have assembled some resources about the importance of financial independence, and the benefits of a financial plan for all Australians. Over the next three weeks we’ll feature some resources from the campaign. Today, we feature 2 videos from real life clients. As a nation, we’re […]

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Business confidence drops but 12 month economic outlook improves

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Confidence among small and medium businesses dropped this quarter, rebalancing from a five year high last quarter to register a net balance score of +38 (previously +44) according to the latest Sensis Business Index (SBI) survey. The Index, which reflects the views of 1,000 small and medium businesses from across Australia, revealed three times as […]

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Seniors financial wellness can be overcome with the right conversation

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When it comes to living a dignified, stress free and financially secure life in retirement – far too many seniors continue to suffer unnecessary financial, emotional and often health related hardship said Homesafe Solutions Managing Director, Peter Szabo. Yet all that would be required to tackle the solution to so much of this distress and […]

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Financial pressures a direct cause of mental health and substance abuse issues among Australians

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New research released yesterday by Acorns reveals that Australians are overwhelmingly facing mental health and substance abuse issues due to financial pressures. The report shows that nearly one third (32 per cent) of Australians aged 25 – 44 have abused alcohol due to financial stress, while one in five (20 per cent) have turned to drugs […]

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What does Financial Wellness look like?

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Australians are on a huge spectrum of Workplace Financial Wellness with only 6% classified as ‘superstars’, and 12% as ‘financially unwell’ meaning they are in desperate need of financial help. According to the Workplace Super Specialists Australia (WSSA) who developed its Financial Wellness index in conjunction with CoreData, financial wellness is: A state of being […]

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Loan vs Gift? – the right way to help out your kids

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We all know that life’s pretty expensive living in Australia these days – especially if you have a hankering for buying residential real estate in a capital city. Plus, if you are “lucky” enough to get into the real estate market, that usually means that you’ve signed yourself up for an enormous mortgage for the […]

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Rate your wealth: a reality check

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While many people may appear to be wealthy, in reality their financial situation can be quite tenuous – it is important to take steps to build enduring wealth, warns Michael Hutton, head of wealth management at HLB Mann Judd Sydney. “For example, if people are too dependent on the fortunes of a single asset, or […]

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WSSA Financial Wellness Index : Australians are not well

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The Workplace Super Specialists Australia (WSSA) Financial Wellness Index has found almost two in five Australian workers are in dire need of improving their financial wellbeing, with only one in three considered truly financially well. According to CoreData who conducted the research on behalf of the WSSA, just over one in three or 39% of […]

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WSSA Financial Wellness Index to uncover day-to-day financial reality

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Workplace Super Specialists Australia (WSSA) has partnered with CoreData Research to canvass the views of everyday working Australians on their financial wellness. Launching its Financial Wellness Index at its annual conference in Sydney on 26 August, the research asks Australians to evaluate their financial confidence, literacy, feelings and attitudes around all things financial. From the […]

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