Looking beyond Australia’s immediate hardships, 82% were optimistic that they would recover within 12 months - compared to just 70% of their global counterparts.
For households, we’ve seen a significant spike in requests around assistance in financial management, retirement and estate planning, highlighting the increase in concern around financial health.
They are embracing skilled local freelancers who are helping them find new ways to connect with customers in a rapidly changing world.
12 million Aussies concerned about their financial wellbeing because of COVID-19 – Australian researchers
Approximately 30% of Australian households have less than one month of income worth of savings and one in eight Australians would not be able to raise $2,000 within one week in an emergency.
The businesses we have seen do well in these changed market conditions are those that have been systematically hedging their currency exposures, with some optionality and flexibility.
The results reveal that 1 in 4 (25 per cent) businesses overall – and 21 per cent of SMEs – were unable to pay their GST and tax in cash, in full, in 2019.
New research reveals that 62 per cent of SME business owners have been on the brink of folding their businesses in the past due to financial and other struggles.
We’re bringing back Shop Small early this year to encourage shoppers to support the nation’s resilient small business operators and accelerate their recovery.
‘Resilient’ Australian business owners are most satisfied when overcoming challenges, GoDaddy research finds
GoDaddy’s Business Resilience Research found that three in five (60%) Australian business owners surveyed are happiest conquering a business challenge, rather than reaching a business milestone.
As global supply chains are reduced to minimise risk of loss, consumers might reduce e-commerce transactions with low-quality vendors for certain critical goods.