FSC releases early data from their Financial Resilience Index survey
The Financial Services Council (FSC) have released early data from their 2023 Financial Resilience Index survey. This new survey will track Kiwi’s financial confidence, financial preparedness, financial literacy, job security and wellbeing, with the full results to be released on 3 May.
One of the most interesting takeaways is that the impact of recent extreme weather events seems to be prompting people to consider their financial situation and how they manage risk.
The survey reported 76% of respondents were prompted to think about how they protect themselves and their families, with 16% of people actively revieing their financial situation and 29% having spoken about their situation with their family.
The survey also found higher reported insurance levels than 2022:
39% report having life insurance (up 1%)
37% report having health insurance (up 5%)
22% report having trauma and critical illness (up 4%)
20% report having income protection insurance (up 9%)
17% report having total and permanent disability (up 3%)
Technical details of the survey giving an overview of the methods should be released with the full report on 3 May.
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