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Financial stress hitting employees hard; Wellbeing index plummets
Three-quarters of Australians are now concerned about the cost of living, and the majority say it's impacting their work and wellbeing.
"It's unsurprising that many workers are worrying about their finances at work," says WeMoney CEO Dan Jovevski, but "for employers, that so many workers feel unsupported by them in managing their personal finances should also be a major concern".
Out of 1,288 Australians surveyed, 75% are concerned about the cost of living, 70% are worried about debt, and 43.6% describe their financial situation as "just surviving" (up from 37% in 2022)...
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