POWERED BY MOMENTUM MEDIA
Hand-to-mouth for many
Australians are vastly less financially secure than many observers might believe, according to a survey conducted by a new finance industry portal.
The survey, conducted by , found that almost half of all Australians were living hand-to-mouth, with 40 per cent of the 2,495 people polled revealing their sudden death or incapacitation would almost certainly leave their family on the brink of financial disaster.
ARTOG general manager said the results were cause for serious concern, with out of control mortgage repayments, petrol prices and general living costs already putting many families close to living on the breadline.
“A sudden, permanent change in family income would be devastating for many Australians, both financially and otherwise,” he said.
AUTHOR
Mike Taylor
Recommended for you
Volatile markets driven by shifting US tariff policy failed to rattle Australia’s superannuation system in April, with balanced options inching upward.
ASFA has urged greater transparency and fairness in the way superannuation levies are set and spent.
Labor’s re-election has reignited calls to strengthen Australia’s $4.2 trillion super system, with industry bodies urging swift reform amid economic and demographic shifts.
A major super fund has defended its use of private markets in a submission to ASIC, asserting that appropriate governance and information-sharing practices are present in both public and private markets.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
93.34 3 y p.a(%)
2
Global X GlobalX FANG+ ETF
36.96 3 y p.a(%)
3
GAM LSA Private Shares AU I
34.22 3 y p.a(%)
4
VanEck Video Gaming and eSports ETF (AU)
28.89 3 y p.a(%)
5
Plato Global Alpha A
28.83 3 y p.a(%)
