AIA Australia has stated that mental illness is now the biggest claim cause for TPD for clients under age 25. Predominantly for professional and white-collar workers, who are over twice as likely as their blue-collar peers.
"For young Australians from 2013 to 2017, 20 per cent of births were to a mother under 25, and more than 10 per cent to fathers under 25. More than two-thirds of households are also headed up by a person under 25 with debt, with a quarter of under 25s classified as ‘over-indebted’, meaning they have debt worth at least 75 per cent of their assets.”
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