Financial stress is on the rise

Research by The Centre for Social Impact (CSI) found the following: “Despite an uninterrupted record of two decades of GDP growth in Australia, individual and household economic markers suggest a more precarious position at an individual and household level. Income inequality is high, household debt levels are up, the cost of living is higher than the increase in CPI and this year’s financial resilience report finds that the number of people facing financial vulnerability in Australia has increased.” The resulting financial stress is impacting employees across the country, and in turn impacting on businesses across Australia. Find out more about the research: financialstress financialwellness financialwellbeing moneycoaching financialcoaching businesstips