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Despite Western Australia's booming mining driven economy, new data reveals that most WA families are still anxious about money. In this episode, David Andrew and Aden Wilkins sit down with Kristen Turnbull, Director of CoreData Reasarch WA, to unpack the findings of the Voice of WA research report. This was a statewide survey of more than 1,000 Western Australians exploring their relationship with money, financial confidence, and outlook for retirement.

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Follow Kristen Turnbull:
LinkedIn: https://www.linkedin.com/in/kristenturnbullcoredata/

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Follow Aden Wilkins:
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Chapters:
(0:00) Welcome and Wins of the Week
(4:47) Introducing Kristen Turnbull and the Voice of WA Report
(7:15) WA's Booming Economy So Why Are Families Still Anxious?
(12:30) Financial Stress Hits Every Income Bracket
(16:00) The Thin Veneer of Affluence
(19:20) The Numbers That Prove Advice Makes a Difference
(24:00) Choice Architects and Confirmation Bias
(29:30) Why Even Financial Experts Take Advice
(33:45) The Squeezed Middle and the Tax Reform Problem
(39:40) Retirement Expectations vs Reality
(44:30) The Advice Shortage Crisis and Information Overload
(50:00) Health, Social Connection and WA Values

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Recorded and produced by Podwave Studios https://podwavestudios.au/

The Purposeful Investor Podcast is a public service provided for Australian investors wanting to make smart decisions with their money, avoid costly mistakes, look after the people they care about, and, have a great life!

We draw on over 30 years of experience from David Andrew and the Capital Partners team.

For more information on Capital Partners' award winning team, visit capital-partners.com.au.

Have a question? Email us ask@capital-partners.com.au.

This episode provides general advice only. We do not consider your personal circumstances when we share this information. Always refer to your financial adviser for advice about your personal circumstances.

Capital Partners Consulting Pty Ltd AFSL 227148 trading as Capital Partners Private Wealth Advisers ABN 27 086 670 788.