MELBOURNE (CU)_The COVID-19 pandemic, which affected the lives and livelihood of millions of people across the globe, underscored the need to save for an emergency situation. It was recently identified that each household in Australia needs to have at least $12,000 in savings if something goes wrong. Yet, with millions of Aussies placed under lockdown restrictions, an alarming number of the have no safety net to fall back on if they are to lose their job today.
A recent study conducted by ME Bank has found that nearly…
