New research commissioned by MLC and conducted by McCrindle shows 55 per cent of Australians say financial stability is their top priority for the year ahead — well ahead of more traditional New Year’s resolutions such as eating healthier or spending more time with family.
The findings suggest a broad shift in mindset, with financial wellbeing increasingly viewed as the foundation for everything else. According to the survey of more than 1,000 Australians, women are slightly more likely than men to prioritise their finances, with 56 per cent of females ranking money first compared to 54 per cent of males.
Age also plays a role. Australians aged 31 to 45 are the most financially focused cohort, with 62 per cent saying money is their number one concern. Younger Australians aged 18 to 30 are not far behind at 58 per cent, while those aged 61 to 79 are less likely to put finances first, though still significant at 46 per cent.
MLC finance expert Jenneke Mills says the results reflect growing pressure on household budgets.
“Australians are clearly feeling the pinch of rising living costs and economic uncertainty. It’s no surprise this MLC survey is showing that financial health is the number one resolution for 2026,” she said.
Mills also believes the data points to a deeper behavioural change.
“This trend signals a fundamental shift in mindset. Financial wellbeing is increasingly seen as the foundation for overall health and happiness,” she highlighted.
“Australians are realising that without financial security, other goals become harder to achieve.”
Despite this heightened focus on money, the research also reveals a potential disconnect between intention and behaviour. Almost 70 per cent of Australians maintained or increased their discretionary spending over the past year, including more than 80 per cent of those aged 18 to 30.
That tension underscores why practical steps matter, according to Mills, who says managing debt and building control can bring peace of mind in a volatile economy.
“Getting on top of your finances and managing debt are practical steps that can provide peace of mind,” she said.
Mills encourages Australians to start with a budget, reframing it as empowerment rather than restriction.
“A budget isn’t about saying no, it’s about making conscious choices so your money goes where you want it to,” she explained, adding that free tools can help households understand their position and set realistic goals.
Building an emergency fund is another critical step.
“Even small, regular contributions can boost confidence and give households more breathing room heading into the New Year,” Mills said.
Finally, she urged Australians to review their debts.
“If you have a home loan, ask your lender for a rate review. Banks will often negotiate,” she said, noting that consolidating multiple debts may also help accelerate repayments.
