I was listening to a member of Parliament who is looking into the increasing rates of suicide, and one reason he put forward for the increase, is due to changes in Workers Compensation.
He believes because worker's are now not getting the same compensation when injured at work, this is causing financial stress and insecurity in families, and leading to an increase in the rate of suicides.
FINANCIAL STRESS IS A KNOWN CAUSE OF SUICIDE!!!
And that stress can be related to losing your job because of a sickness or accident.
Have a read of this article from the Sydney Morning Herald about thousands of injured workers facing the loss of their compensation benefits http://bit.ly/2iLcSbO
Having a good financial safety net (ie Income Protection or Trauma Insurance) could help prevent financial stress.
If you haven't got that financial security plan, give me a call and let's get a plan in place or we can review your current plan.
Authorised Representative of Consilium Advice Australian Pty Ltd
AFSL 246623
General Advice Disclosure: General advice is advice which is provided to you without regard to your individual objectives, financial situation or needs. It is not specific advice for any particular individual, and it is not intended to be passed on or relied upon by any person.