The header: What happens if you lose your job? To me (as a financial adviser and money coach) seemed like an obvious question….. But unless you are seeking financial advice you may not be aware of how financially exposed to risk you really are.
To quote the article from ‘MoneyPlace’ it states “Research from Finder found 46% of Australians could be living from pay to pay, with as many as 2 million living on the edge with just enough money to survive one week without income. Only 36% of us (just over 1 in 3) could survive for four months or more if they lost their income source”.
I don’t know about you but I would be incredibly uncomfortable if I had to go on NewStart allowance….. If you live in any capital city in Australia the rent or Mortgage alone would not be covered.