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Unemployment and low savings driving Greater Sydney “Shadow Pandemic” of financial stress: survey

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“As we all know, the longer this goes on and the less income we can all generate through productive work, the more it puts our economy in a precarious position. 29% of respondents, or 293 people, said they could only keep themselves going for another month if they are to become solely reliant on savings. After that, who knows what will happen to these people?

“All these measures will inevitably make people worse off financially the longer this continues.”

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Source: https://australianfintech.com.au/unemployment-and-low-savings-driving-greater-sydney-shadow-pandemic-of-financial-stress-survey/

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