Financial Planning

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Financial stress keeping us awake

Financial stress keeping you awake at night?

(Reading time: 2 - 4 minutes)

It seems that financial stress is keeping every generation up at night, albeit for different reasons.

According to the Financial Fitness Whitepaper, almost 57% of Australians are worried about their current financial situation and 85% say it impacts their wellbeing.1

Generation Z AKA the iGen

The youngest generation are most concerned about covering everyday expenses2, such as food and transport. According to the Australian Bureau of Statistics3, the cost of living continues to rise, which just adds to financial woes. Also, research produced by the Financial Planning Association4 notes that the ease of cashless transactions is hindering the youngest generation and those to come.


Generation Y (millennials) are those who are doing it the toughest when it comes to financial stress. For many millennials, it’s work-related stress that keeps them up at night, as well as fears they won’t have enough money for retirement and pressure associated with property prices.5

Generation X

With worries about at least one financial issue at any given time, Generation X are losing sleep over the ability to pay living expenses and what the future holds financially.6

Baby Boomers

While many would believe Baby Boomers are the most well-off generation, they are struggling with the stress of health care and insurance bills, as well as retirement savings.2

What to do

Everyone suffers from it in some varying degree, but stress is one of the worst things for our health, especially our sleep. Poor sleep can lead to weight issues, poor concentration and productivity, and can create a greater risk of heart disease and stroke. It’s also linked to diabetes, depression and lower immunity. Sleep is important. Don’t let your financial stress affect your quality of life.

Sorting through your financial stress is just one way you can get better quality sleep. We can help set up a financial plan, find ways to ease the tension and strategise for the future.


Let us help you get better sleep and ease the stress.

Speaking with one of our financial advisors is a good place to start. Make a booking or call us on 02 9328 0876 to arrange a meeting.


1: (2019). Financial Fitness Whitepaper. Available at: [Accessed 28 Oct. 2019].
2: McDowell, E. (2019). Money problems are keeping every generation up at night — check out the biggest financial stressors for every age group. Business Insider Australia. Available at: [Accessed 28 Oct. 2019].
3: (2016). Media Release - Inflation continues to be subdued (Media Release). [online] Available at: Release1Dec 2016 [Accessed 28 Oct. 2019].
4: Erem, C. (2018). The ‘invisible-money generation’ may be in financial trouble, says Financial Planning Association. Available at: [Accessed 28 Oct. 2019].
5: Banney, A. (2018). Financial stress keeping Australians awake at night. Available at: [Accessed 28 Oct. 2019].
6: (2015). The financial fitness of working Australians. Available at: [Accessed 28 Oct. 2019].

General Disclaimer: This article contains information that is general in nature. It does not take into account the objectives, financial situation or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. Please seek personal financial advice prior to acting on this information.