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One in three people 'have no savings' in the wake of COVID


The RACQ s Financial Fears Survey also revealed one in three Queenslanders were currently struggling financially and had no savings in the wake of the pandemic.
One in four Queenslanders had their financial goals affected by COVID-19 and almost 20 per cent will not set financial goals in 2021, according to a new RACQ survey.
RACQ spokesperson Lucinda Ross said the biggest concerns people with no savings had were cost of living and paying bills.
We know many Queenslanders are still feeling the financial impacts of COVID-19, so it s not surprising they re struggling with saving and everyday expenses, Ms Ross said.
When we asked what Queenslanders most wanted to achieve in 2021, the overwhelming answer was to increase their savings and reduce debt. ....

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