Australians are experiencing the lowest level of wages growth in at least two decades (just 1.9% last financial year) and underemployment is a feature of our current labour market. Along with this, we have soaring energy prices, high levels of indebtedness and the prospect of higher interest rates on the way.
Some Australian households could soon find themselves in a vulnerable financial position, especially those with large new mortgages. If your outgoings exceed your income or you’re unable to afford extras such as nights out, you may already be feeling financially stressed.
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DISCLAIMER: GENERAL ADVICE ONLY
The information provided in this blog is general in nature. It has been prepared without taking into account any person’s individual objectives, financial situation or needs.
Before acting on any information in this blog, you should consider its appropriateness to you, having regard to your objectives, financial situation and needs or seek professional advice from a financial advisor.
