April 28, 2023

NAB Consumer Insights Survey: Financial Hardship – Q1 2023

Who is struggling and what are the key drivers?

Overview

  • Over 4 in 10 Australians experienced some form of financial hardship in Q1, the highest level in 6 years.
  • 1 in 4 believe they are really struggling to make ends meet.
  • Almost 1 in 4 people experiencing hardship missed a bill payment and 1 in 20 a mortgage repayment.

For further details, please see the Financial Hardship (Q1 2023)