Australian wellbeing at record low

by Adam Smith21 Jul 2014
Australians' sense of wellbeing has fallen to a record low, with general finances proving the biggest source of anxiety.

NAB's quarterly Australian Wellbeing Index fell to 61.7 points in the second quarter, down from 64.6 points in Q1. Survey respondents rated their life satisfaction, worthwhile life and happiness lower, and were slightly more anxious as well. The result puts the index at its lowest level since the survey began.

General finances was the biggest source of anxiety for Australians, with 45% nominating it as the driver behind their concerns.

There was also a sharp increase in the number of Australians who rated their wellbeing as "very low". More than 20% of respondents rated their life satisfaction as very low, up from 15.2% in the first quarter.