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ISCOVER
Staff Reporter
Almost 40 per cent of Australians worry about money even when there is nothing to worry about, new research has revealed.
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According to ANZ’s Australia’s Money Confidence 2013 report, 39 per cent of 12,000 survey respondents said even when things are going well for them financially, thinking about money stresses them out.
Women tend to worry more than men, with 51 per cent of female respondents saying they find dealing with money stressful and overwhelming, compared to 37 per cent of men.
One third of respondents say worrying about finances causes sleepless nights, and 39 per cent feel anxious.
ANZ managing director of retail distribution Mark Hand said the research looks at how people think and feel about money, and shows that a lot of Australians worry about their finances, even when things are going well.
“We understand these concerns and encourage all Australians to take action to build their money confidence, rather than putting it off or trying not to think about it,” he said.
“Speaking with an expert at your local [bank] branch can be the first step in taking control and putting a plan in place which, as we can see from the survey, can make a real difference to our health and wellbeing. A proactive plan can also help you make the most of your money and achieve goals faster, regardless of changes to the economy or other factors outside of your control.”
