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Showing 1 - 10 of 97 results for "Financial stress"

Australians selling assets over seeking help: ASIC

ELIZA BAVIN  |  MONDAY, 3 JUN 2024
... supporting Australians in financial hardship." Kirkland said the message needs to get through to those experiencing financial stress that banks or lenders have a responsibility to support customers. "If you are worried about being able to make your repayments ...

Inflation spooks retirees more than healthcare costs

KARREN VERGARA  |  FRIDAY, 10 MAY 2024
... Schroders' survey believe they will outlive their assets. One-in-three (33%) retirees are concerned that financial stress will impact their overall health; about one in four (26%) have lost sleep worrying about their financial situation.

Threats outside the Australian financial system build: RBA

ANDREW MCKEAN  |  TUESDAY, 26 MAR 2024
... existing macro-financial vulnerabilities, that could spill over to Australia. "The key channels of transmission of financial stress in China to Australia would likely be via a slowing in global economic activity, lower global commodity prices and reduced ...

Simple strategies to overcome gender super gap

KARREN VERGARA  |  THURSDAY, 7 MAR 2024
... the cost-of-living crisis has aggravated women's long-term wealth as two-thirds (69%) admit to experiencing financial stress compared to 49% of men. Women have 53% less in total cash savings than men and on average have saved up $22,680 - substantially ...

ATO cracks down on illegal early SMSF access

KARREN VERGARA  |  WEDNESDAY, 21 FEB 2024
... these trustees exhibited a lack of knowledge and a poor attitude towards their super. Others claimed they were in financial stress or were experiencing personal issues while some saw accessing their super in this manner was "too great a temptation to ...

Base rate lifts to 4.35%

KARREN VERGARA  |  WEDNESDAY, 8 NOV 2023
... to manage on their present income, a percentage surpassing any recorded during the COVID pandemic," she said. "Financial stress is one of the most severe mental distresses, compared in magnitude with the effect of the death of a relative." Bullock flagged ...

Cost-of-living crisis puts young members at risk: Rest

ANDREW MCKEAN  |  TUESDAY, 31 OCT 2023
... retirement. A survey commissioned by the $75 billion industry fund revealed that 73% of its young members experiencing financial stress say that it's adversely affecting their mental health. The research discovered that young Rest members are disproportionately ...

Australia vulnerable to further shocks: RBA

CASSANDRA BALDINI  |  MONDAY, 9 OCT 2023
... declines in profits and low cash buffers are more likely to reduce their number of employees, and therefore transmit financial stress to households. According to the report a small but rising share of borrowers are on the cusp, or in the early stages ...

TAL offers super funds financial literacy tools for employers

JAMIE WILLIAMSON  |  MONDAY, 25 SEP 2023
... cost-of-living crisis. According to new research from TAL, about 25% of employees are experiencing a high level of financial stress, and 40% said it is impacting their work - so much so that 41% of them have taken time off work to deal with their personal ...

ASFA, Super Consumers Australia revise retirement standards

CHLOE WALKER  |  MONDAY, 28 AUG 2023
... up this shortfall and cover the increased cost of living." Retired renters have higher levels of poverty and financial stress than homeowners, it added. "As we've previously highlighted, public support like Commonwealth rental assistance simply isn't ...
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