Articles and Whitepapers

Financial hardship is surging – how are organisations responding?

More than 4 in 10 Australians experienced financial hardship in the first quarter of 2023, the highest level in six years. NAB’s Consumer Insights Survey found that almost 1 in 4 people experiencing hardship missed a bill payment, and 1 in 20 were unable to make a mortgage repayment during the quarter.

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By Hannah Cook
Client Fulfilment Manager
Recoveriescorp

As seen in Credit Management in Australia, July 2023