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‘It’s no surprise we’re more financially stressed than ever’

Lucy Dean
Lucy DeanWealth reporter

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Lettuce, salmon and coffee were all subjected to soaring inflation over recent months, and while prices are coming back to earth, for Australian workers, the financial pain and associated stress continues to bite.

The number of workers in severe financial stress has doubled since 2020 as rising inflation and interest rates put nearly 1 million people under severe pressure and another 2 million under moderate stress, according to new research by wealth manager AMP.

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Lucy Dean writes about wealth management, personal finance, lifestyle and leisure, based in The Australian Financial Review's Sydney newsroom. Connect with Lucy on Twitter. Email Lucy at l.dean@afr.com

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    Original URL: https://www.afr.com/wealth/personal-finance/financial-stress-doubles-as-rate-rises-inflation-bite-20220906-p5bfua