The ANZ Roy Morgan quarterly Financial Wellbeing Indicator (FWBI) report was released. It showed an overall decline in the financial wellbeing of Australians due to economic conditions such as the rising cost of living, particularly for homeowners paying off a mortgage. This decline exemplifies the need for organisations to support staff, clients, and the community […]
In the last few years, the Money and Mental Health Policy Institute have focused research on how age affects our experience with money and mental health. Detailed in a series of policy notes, researchers at the Institute have examined those relationships closely (Becca Stacey; Dec 2022). Key findings include: When it comes to how our […]
The importance of financial education in the workplace continues to grow as working adults are constantly confronted with issues affecting their immediate and long-term financial resilience and well-being. This policy handbook provides insights for designing workplace financial education, such as understanding the audience, identifying appropriate delivery mechanisms, creating or finding appropriate content, incentivising participation, evaluating […]
The ANZ Roy Morgan Financial Wellbeing Indicator (FWBI) revealed worrying statistics about the impact of difficult economic conditions on the wellbeing of Australians in its December 2022 Quarterly Update (below). In the lull between COVID peaks and the cycle of rate rises that caused many Australians extraordinary financial pressure, the financial wellbeing trend persisted downward. […]
Using data from the Taking the Pulse of the Nation (TTPN) survey in Australia, this report found that young adults and women are experiencing higher levels food insecurity. (1) “The incidence of financial stress is greatest among younger Australians aged 18-44. Whereas 26.8 percent of 18-44-year-olds are making ends meet or worse, [and] 14.8 percent […]