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 […]
Financial stress is widespread for Australians
Financial stress is widespread for Australians. Financial Mindfulness released its latest Financial Stress Survey and the results showed just how much damage financial stress is causing. The Sydney Morning Herald covered the story. Nearly one in three Australians is feeling financially stressed, with damaging effects on mental and physical health and social relationships. The CoreData/Financial […]
Financial stress: 9 out of 10 suffering
Financial stress: 9 out of 10 suffering. We asked you, our Financial Mindfulness Facebook family – across Australia, the United States and the United Kingdom – to take part in a survey about financial stress in your life. The results are in. Financial stress, which comes with a strong set of beliefs, is a huge […]
Employees want help with their financial stress
Employees want help with their financial stress. Does it strike you as strange that the biggest stressor we face isn’t talked about in plans offered to help with our stress? In recent years employers have recognised the personal stresses experienced by staff can affect productivity and the bottom line, due partly to the sheer amount […]
Single Women Leading Men in US Home Ownership
Single Women Leading Men in US Home Ownership. The latest research into women’s struggles with money, Mary Pilon of Bloomberg notes, can make for dreary news. “Women earn less than their male counterparts, pay harsher workplace penalties for pursuing parenthood, struggle more with debt, and save less for retirement,” Pilon wrote of the situation in […]