New report reveals Aussie women are bearing the | Australian Markets

A new report reveals Australian women are bearing the brunt of the nation’s price of residing disaster and are sacrificing their own financial futures to keep households afloat.

Insights Exchange’s Consumer Trends report discovered women have been excessively squeezed by rising residing prices and household obligations that have been inflicting stress, fear and nervousness.

Researchers surveyed 1474 Australians discovering women have been 21 per cent much less assured than males about their retirement, with solely 27 per cent feeling optimistic about their financial future.

More than half of the women surveyed mentioned their potential to fulfill family bills had worsened over the previous 12 months.

The report discovered 43 per cent of Australians supported dependent youngsters and ageing dad and mom however women carried most of the accountability.

Insights Exchange chief govt officer Nichola Quail mentioned when women have been meant to be most financially secure, they have been caught between caregiving and rising prices leaving little room to suppose past the subsequent invoice.

“It is a national issue hiding in plain sight,” she mentioned.

“It’s not just stressful; it’s unsustainable.”

One feminine respondent aged 56 mentioned she couldn’t see herself surviving till retirement.

“I don’t eat to ensure I pay my rent. My electricity is about to be disconnected,” she mentioned in the report.

One lady aged 57 mentioned the price of residing disaster had left her with a basic feeling of hopelessness.

While one other women aged 38 mentioned with the ability to afford to dwell a comfy life with out working insane hours was a massive battle that will solely worsen.

“Female caregivers experience heightened financial vulnerability and workplace anxiety while navigating complex social connections,” the report acknowledged.

“These patterns suggest women are carrying a heavier psychological burden, potentially exacerbated by financial stressors and societal responsibilities.”