What Aussies really think about their finances

What Aussies really think about their finances

A recent Mortgage Choice survey uncovered how Australians feel about their finances, including home loans, credit cards and retirement planning.

1

1 in 5 Australians would not be comfortable asking their partner/spouse for money

Speaking about money is often considered taboo in modern
society, but when you’re married or living with a partner, it’s
a topic that should not be avoided. Money is often a cause of
arguments in relationships, so it’s imperative that you and
your partner talk regularly and openly about finances.

2

73% of Australians would not use a mortgage broker for anything other than a home loan

At Mortgage Choice, our brokers offer an array of services that
extend beyond mortgages. They can assist you with car loans,
personal loans, business loans, commercial loans, general
insurance, and equipment finance and leasing. Our brokers
can also introduce you to our network of financial advisers.

3

3 in 5 Australians say they will not have enough money in retirement

For many Australians, retirement is not something they think
about until they’re over 50, but by then, it’s often too late.
According to the Association of Superannuation Funds of
Australia, couples will need approximately $640,000 in
savings, while singles will need approximately $545,000 in
order to live a comfortable lifestyle in retirement. With such a
large pool of money needed, it makes sense to start preparing
as early as possible.

For full survey results, click here. 

If you’re keen to find out what your retirement income might look like, check out our free Retirement Income Calculator, powered by Investfit, available here.