10 million Australians believe they'll never own a home a new report shows.
The research, published by the Salvation Army on Thursday, reveals 9.9 million Australians believe the dream of owning a home is over, while 7.7 million feel their financial situation is affecting their emotional well-being, family life, career goals or social life.
Conducted by Roy Morgan, the research also found one in three mortgage holders believe they are likely to struggle to meet repayments if interest rates rise this year.
Although more people are doing it tough across the country, many are keeping their troubles to themselves and "soldiering on" rather than seeking support, Salvation Army spokesman Major Bruce Harmer said.
"It's not just people who are homeless or destitute, its the Aussie battler who has a mortgage, who has a job and even with employment is finding it hard to make ends meet," Major Harmer told AAP on Thursday.
"They're proud, they're holding it together and soldiering on the best way they can."
The research also found many Australians are worried about retirement with one in four Australians are worried they won't have enough reasonably paid work and 60 per cent believe they will either have a basic lifestyle or will struggle to get by financially.