The latest survey by a profit-to-member super fund Rest has revealed that financial stress and cost-of-living pressures are taking a toll on the mental health and outlook of its young members.

Key findings include:

  • 73 per cent of young members facing financial stress report negative impacts on their mental health.
  • 51 per cent are already worried about having enough super for retirement, despite being decades away.
  • 70 per cent are concerned about rising living costs.
  • 55 per cent struggle to achieve their desired financial goals.
  • 50 per cent often feel stressed about meeting day-to-day financial needs.

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