Household Financial Stress and Financial Wellbeing in Australia
UnitingCare Australia and the Australian National University Centre for Social Research and Methods have released new research that provides a more comprehensive measure of financial wellbeing in Australian households.
The Household Financial Stress and Financial Wellbeing in Australia report uses a range of factors, including family composition, home ownership status, age, where people live and whether they are living with disability to measure financial stress or financial wellbeing.
Financial stress measures how hard it is for people to meet their expenses and have some money left over so that when an unexpected bill arrives they have the means to pay for it from their weekly income or savings.
Key household types that live with higher rates of financial stress include single parents, younger households, those households with a person with a disability or long term health condition, renter households and households headed by an unemployed person.
Read the full report: Download.