Planning is not everyone’s forte, especially when it comes to money and budgeting. So it’s no surprise that new research from the Financial Planning Association of Australia suggests that 80 per cent of working-age Australians are stressed about money and finances.
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Other research shows the number of Australians living from pay cheque to pay cheque is on the rise from 29% in 2015, to 32% in 2017, while the National Debt Helpline is struggling with the volume of calls flooding its call centre. And official data published by the Reserve Bank in July showed that Australian household debt was at new all-time high.
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