A quarter of Aussies are uncomfortable with their finances and struggling to save
A quarter of Aussies are uncomfortable with their finances and struggling to save
THE 2018 Consumer Pulse Report by financial comparison site Canstar surveyed 2,090 Australian consumers last %20(277%20x%20523).jpg)
November to find out their views, attitudes and expectations on issues such as financial stability, mortgage security, housing affordability and the future of banking.
The report showed that 28% of Australians expect house prices to fall.
However, it revealed that, despite looming trade wars, a declining property market and jarring news of banking misconduct, the number of Australians who feel uncomfortable about their financial position has dropped by 8% to 25%, a surprising improvement from 33% in 2017.
However, they aren’t feeling so chuffed when it comes to their savings. Twenty-seven per cent save a tenth of their income or less, and 24% save nothing at all.
Gen Ys are the most likely to save money, while a quarter of baby boomers, Gen Zs and Gen Xs don’t regularly save.
.jpg)
.jpg)
.jpg)
