According to the report, there are currently 2.44 million Australians suffering from financial stress and this is having a significant impact on the economy, costing Australian businesses an estimated $31.1 billon per year in lost revenue.
59% of those who have ever been financially stressed have since recovered
86% of respondents to a Money and Mental Health survey of nearly 5,500 people with experience of mental health problems said that their financial situation had made their mental health problems worse.
With recent surveys suggesting that roughly 45% of adult Australians are financially illiterate, there has never been a better time to seek financial advice & education
The PHF group takes a holistic approach to your financial situation and offers advice and guidance based on your personal goals & circumstances.
We offer a range of financial services so why not get in touch to see how we can assist you in working towards a better financial future.