Low financial resilience is a major problem in Australia, with 2 million adults facing severe to high financial stress, which impacts their health and financial wellbeing. Their households struggle to meet living expenses, feel insecure about the future, and lack the freedom to make life choices. Those on low incomes, women, the young, and groups from non-English speaking backgrounds are more likely to face financial stress. Living from pay to pay, and making tough choices is hard enough – yet COVID-19 has amplified this stress for them, and many others…

Author
Dr. Vinita Godinho

 

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