Australia’s household debt is worse than ever
22/08 2017
Author: FCG Admin
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If you are allowed one word to describe Australians then what would it be? The first word comes across your mind probably would be CHILLED.

This is in many cases but not in the current financial crisis that Aussies are facing: Australian’s household debt has becoming higher than ever.

The reason behind might be the lack of saving planning and according to research that 1/3 of the population don’t have a saving plan or find the plan is hard to stick to.

37% put in little hoping to achieve the ultimate goal eventually whilst the only few rest have planned and carried the saving scheme. 

Have you considered your spending after jumping in your next lifecycle? 

Sure a few grands seems adequate when you are taking a degree and you are able to enjoy the disposable income with the financial assistance from your parents. However, it is a completely different story when it comes to forming a family yourself. 

Pile of bills need to be taken care of, not to mention the cost adding an addition to the family i.e. childcare fee and education fee.

It has already been late when you start to realise that what in your pocket is not enough. 

‘The best solution for this dilemma is to invest on properties.’–said an experienced financial planning expert. 

Not only you have a place to rest your head but you have also entitled the right to any rental income generated, which contributes to your disposable income.

 

There have also been research indicating that not having enough savings in super account is what generation Y fear the most. Result shows most of them have never thought about long term saving scheme and have not entered any sort of investment yet. 

 

As the crisis is getting more severe with ageing issues, which result from better medical treatment and higher living standards, more people will find superannuation not enough to secure their late life spending.

Setting a long term goal will allow your more flexibility with your retirement life.

FCG Property- one stop investment planner. 

It’s never too late to start to think about future.

Call 9602 5560 to make your enquiry today.

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