Financial wellbeing is when you can enjoy life because of the way in which you manage your money, i.e. when you can meet your everyday financial commitments, have a safety-net in place for unexpected financial shocks, and achieve your longer-term financial goals.

COVID-19 is not just a health crisis – it is an economic crisis that has struck a blow against each driver of financial wellbeing. ANZ’s July 2020 FWB indicator found COVID-19 has temporarily reversed all the gains in financial wellbeing since they started measuring it in 2014…

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