May 10, 2024

NAB Australian Wellbeing Survey Q1 2024

The NAB Australian Wellbeing Index remained unchanged in Q1 2024

Wellbeing levels have stalled in Australia at their lowest point since the onset of COVID, with the gender wellbeing gap now at its widest point in the history of the survey. Household financial stress is at its highest in 8-years. Incomes are under increasing pressure. 8 in 10 Australians are trying to save, with a target of $17,000. The main savings goals are for an emergency, a holiday, a home and for retirement. Over 1 in 3 Australians plan to save their Stage 3 tax cut.