Financial stress takes a heavy toll: Rest survey

The latest survey by a profit-to-member super fund Rest has revealed that financial stress and cost-of-living pressures are taking a toll on the mental health and outlook of its young members. 

Key findings include: 

• 73 per cent of young members facing financial stress report negative impacts on their mental health. 
• 51 per cent are already worried about having enough super for retirement, despite being decades away.
• 70 per cent are concerned about rising living costs. 
• 55 per cent struggle to achieve their desired financial goals. 
• 50 per cent often feel stressed about meeting day-to-day financial needs.