Financial and physical fitness linked, finds study

Financial and physical fitness linked, finds study

Australians who rate themselves as physically fit are more likely to consider themselves financially literate, new research by BT has found.

The BT Australian Financial Health Index found that 45 per cent of people who gave themselves a physical fitness score of 4 or above out of 5 gave themselves a financial fitness score of 8 or above out of 11.

In addition, only 22 per cent of Australians who considered themselves to be physically unfit gave themselves a score of 8 or above for financial fitness.

Australians who are financially educated also tend to get better quality sleep, according to the research.

Of those who agreed to ‘feeling financially educated’, 67 per cent say their sleep quality is good or very good, compared to those who disagree with this statement. Only 43 per cent say their sleep quality is 'good or very good'.

BT general manager of superannuation Melinda Howes said superannuation provides for Australians' wellbeing and, as such, is "very powerfully aligned" with initiatives that address physical and mental wellbeing.

"Companies want fitter, happier and more engaged employees. Many of our super members also want to be healthier, more balanced and need help sorting out their finances," Ms Howes said.

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