Australians distressed and acting aggressively to others
Australians distressed and acting aggressively to others. These are the findings from the latest Financial Mindfulness Financial Stress Index (FSI) report which has tracked financial stress in detail over the last 12 months and captured the impact from the COVID-19 pandemic. An estimated 2.29 million Australians are experiencing levels of financial stress that reduce their […]
Contactless payments surge 44% during COVID-19
Credit card giant Mastercard reported a major shift in consumer behaviour that has seen 44% of Aussies decrease their use of cash when making purchases in-person since the outbreak of the coronavirus pandemic, as shoppers fear germs on cash. The research found that more than half (52%) of Aussies are more aware of the dirtiness of […]
Perfect storm of credit card debt brewing for Australians during COVID-19
Perfect storm of credit card debt brewing for Australians during COVID-19. Rapidly falling incomes, a move to card-only payments and a complete avoidance of cash is creating a “perfect storm” for Australians to find themselves in deep financial ruin. Andrew Fleming, CEO of financial stress busting app Financial Mindfullness, says many Australians are unaware of […]