AMP survey finds 17% of Australians have less than week's cover for essential expenses

By Public Technologies
  • AMP research found 37% of Australians could cover essential expenses for less than a month without income, including 17% with under a week.
  • Among Gen Z adults aged 18-29, 51% had less than a month’s cover; 21% had less than a week.
  • Single parents faced greater vulnerability, with 33% reporting under a week’s cover, compared with 15% of coupled parents with children at home.
  • Financial conditions worsened for 36% of respondents over 12 months; 32% identified everyday bills and expenses as their biggest financial concern.
  • Annual inflation rose to 4.3% in September from 4% in August, according to ABS figures published October 28.


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