Total spending decreased 0.2% in November
Insight
The NAB Australian Wellbeing Index fell in the final quarter of 2023.
Wellbeing is at its lowest point since the onset of COVID. The unemployed, renters & low income earners are among those with the lowest wellbeing. Victoria is lagging other states. Household financial stress is at its highest since mid-2016. 1 in 3 Australians believe they are worse off financially compared to a year ago. Concern over income is at a survey high.
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