Our global growth forecasts are unchanged this month, we see the global economy expanding by 3.1% in both 2024 and 2025.
Insight
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)
