Bankwest financial fitness index April 2013

financial indicator series

05 April 2011

The Financial Fitness Index tracks how ‘fiscally fit’ Australians are by measuring 14 vital signs, including housing costs, debt, savings, insurance & financial assets before reaching a rating of either:

According to research from Bankwest almost a third of Australians are financially unfit, an increase of 3% from this time last year. This is despite the fact that 48% of households have become more conservative with their spending compared to a year ago.

The 3rd annual Bankwest Financial Fitness Index has found 31% of Australians are classed as ‘financially unfit’ and have little or no savings, high housing costs relative to their income, inadequate insurance and few assets.

Download a copy of the full report and a breakdown on each state below:

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