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AAP
AAP
Business
Andrew Brown

Generation dread: Aussies unprepared for money shocks

Less than a quarter of Australians are happy with their financial situation. (Joel Carrett/AAP PHOTOS)

Less than a quarter of Australians are satisfied with their financial position, with younger generations increasingly relying on grandparents for support.

Research conducted by investment group MLC found 70 per cent of people said financial wellbeing was important to meeting life goals, but only 23 per cent were happy with their money situation.

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