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
The super fund’s CEO has confirmed he will finish his role in 2026.
New data shows millions of Australians have little idea how their super funds have performed over the past year.
Small-business advocates have warned the government’s Payday Super timeline risks chaos without more time, cost support, and fair penalties.
Insignia Financial’s Master Trust portfolio has expanded despite net outflows, as positive markets and new product initiatives drive growth.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
215.17 3 y p.a(%)
2
Loftus Peak Global Disruption Fund Hedged
118.15 3 y p.a(%)
3
Global X 21Shares Bitcoin ETF
75.00 3 y p.a(%)
4
UBS Solactive Global Pure Gold Miners UCITS ETF Dis USD
61.11 3 y p.a(%)
5
Global X Ultra Long Nasdaq 100 Complex ETF
60.93 3 y p.a(%)
