Aussies’ wellbeing at its highest since 2013, but high anxiety still impacting one in four



The wellbeing of Australians has hit its highest point in four years, driven mainly by lower levels of anxiety, according to research released today by NAB.

NAB’s Q3 Wellbeing Report revealed that wellbeing was highest among widows, men and women over the age of 50, Tasmanians and two-person households, and lowest among single people, labourers, 30-49 year olds, those earning less than $35,000 per year, and young women.

NAB Chief Economist Alan Oster said that while anxiety had improved, it was still affecting a significant number of Australians

“This research indicates that while Australians are overall less anxious, one in four report high anxiety,” Mr Oster said.

“We also see a correlation between wellbeing and income, with wellbeing the highest for those in the top income group, and the lowest among those earning the least.”

Teachers, parents disagree on kids’ anxiety

NAB’s research also identified discrepancies in how parents and teachers perceive children’s anxiety and coping mechanisms.

“Parents and teachers agree anxiety is much lower in primary school aged children than high school children, particularly girls,” Mr Oster said.

“What’s interesting is that teachers report higher levels of anxiety in children than parents do, except for high school aged girls where they are in broad agreement.”

NAB’s research also finds children in high school aren’t coping with their anxiety as well as primary school children, particularly girls.

“This is a problem that needs to be addressed, particularly if it’s interfering with the development of young women” Mr Oster said.

Over 50s still soaring

Staying true to trend, over 50s men and women continue to report the highest levels of wellbeing.

“Over 50s’ wellbeing has been climbing in trend terms and they have rated all aspects of their wellbeing better, especially in regards to anxiety,” Mr Oster said.

Factors affecting anxiety

With one in four Australians reporting high anxiety, NAB’s research asked respondents what they believe would help reduce their anxiety.

Around one in four believed getting more rest or sleep and improving their financial position would help most.

Women also reported that they would benefit from having more time.

“We found by gender, almost twice as many women said having more time for themselves would have helped them than did men,” Mr Oster said.

About the NAB Australian Wellbeing Index:

The NAB Australian Wellbeing Index is based on survey participants’ responses to four questions related to their life satisfaction, life worth, happiness and anxiety.

Download the Q3 NAB Wellbeing Index

Find out more about how NAB is backing communities.



Related Articles

  • Business

Summer sentiment’s sweet for Timboon Fine Ice Cream

Consumers are poised to spend up on holidays, and they are increasingly favouring Australian-made products. These trends benefit local businesses like Timboon Fine Ice Cream.

  • 01.12.2021
  • Time to read 1 min read
  • Personal finance

The 12 days of Christmas – a dozen ways to save this spending season

Australians are well on their way to spending more than $50 billion ahead of Christmas this year, according to new NAB economics analysis. It can be revealed modelling estimates Aussies will spend between $50.8 billion and $53.6 billion in the six weeks leading up to December 25.

  • 01.12.2021
  • Time to read 4 min read
  • Agribusiness

Queensland farmers on the forefront of sustainable agriculture

Leather Cattle Company in Banana, Queensland leads the way for sustainable farming.

  • 26.11.2021
  • Time to read 2 min read

Quick links

Business Research and Insights

For more economic news, insights and analysis, visit NAB’s Business Research and Insights