WeMoney, Australia’s leading social financial wellness platform, surveyed 1,317 Australians to understand their thoughts and feelings towards finances, debt, savings, housing, money habits, and the economy. Our research, broken down by demographic cohorts, reveals the ‘hidden insights’ driving everyday attitudes and actions towards money and debt. Key findings include a lack of awareness among consumers about getting the best deals on financial products, especially for lower-income households. Australians are increasingly living paycheque to paycheque, feeling stressed about their finances, and pessimistic about the economy, with many believing we are in a recession.

We believe Australians deserve better. To address these issues, it's crucial to provide Aussies a better solutions. This will enable better access to tailored financial products, fostering greater competition and transparency. Enhancing financial literacy and support systems can help individuals manage their money more effectively, reduce stress, and build savings. Providing clear and reliable economic information will empower Australians to navigate financial uncertainties, making informed decisions even in challenging economic times.