4 million Aussies say they have no savings

Nearly four million Aussies say they have no savings to fall back on. The worrying new research comes amid rising interest rates and cost of living pressures.

by | Oct 5, 2022

It’s not just about the money

According to the research from Finder, one in five Australians (19 per cent) have no savings in case of an emergency, while 41 per cent have between $2 and $5,000 in cash savings.

Nearly a third (31 per cent) of people say they are saving less than $50 on a monthly basis, the survey of 3,112 Australians found.

Read more at Yahoo Finance

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