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Is Financial Planning the Solution to Financial Stress?

According to a recent survey by the Australian Psychological Society, financial stress was the leading cause of stress among Australians in 2014. Approved Financial Planners in Perth is aware of how financial stress can affect families and we are here to help you alleviate that stress.*

Financial Planning Perth For Financial Stress

By the Numbers

Stress can not only affect your mental health, but your physical health, too. Seven out of ten who responded to the survey said that their current levels of stress were affecting their physical health. One out of five reported that impact to be from strong to very strong.*

49% reported personal financial issues as a source of stress in 2014, compared to 52% in 2013. However, this is not a trend, as 48% reported financial stress in 2012 and 53% reported financial stress in 2011, the first year of the survey.*

When the numbers are broken into age groups, a trend appears: financial stress affects less people as they get older. 59% of those from 18-25 reported financial stress, compared to 57% of those 26-35, 58% from 36-45, 50% from 46-55, 38% from 56-65 and 25% of those 66 and above.*

Financial issues are the leading cause of stress for those from 18-45 and the fourth leading stressor for those 46-65. It decreases sharply to the eighth leading stressor for those over 66.*

More than half of women, 53%, reported financial issues as a stressor, while “only” 44% of men reported financial issues as a stressor.*

Call Approved Financial Planners Today

At Approved Financial Planners, we are one of the most trusted names in Perth when it comes to financial advice and financial planning. We do our best to help you alleviate financial issues as a stressor. To learn more or for a free consult, call us today: 08 6462 0888.

*Australian Psychological Society, “Stress and Wellbeing Survey in Australia, 2014.” October, 2014.