Articles on Financial stress

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Mental health issues resulting from COVID-19 and efforts to contain it are the fourth wave of the pandemic. (Pixabay, Canva)

Mental health impact of coronavirus pandemic hits marginalized groups hardest

Emily Jenkins, University of British Columbia; Anne Gadermann, University of British Columbia, and Corey McAuliffe, University of British Columbia

The pandemic’s mental health toll is not distributed equally. Its impact is disproportionately felt by racialized groups, Indigenous Peoples, people with disabilities and those experiencing poverty.
Household economic stress of the type brought on by COVID-19 is likely resulting in more stressed-out, anxious and hyperactive children, according to past data. (Piqsels)

COVID‑19’s economic impact could be stressing out our kids

Nancy Kong, Queensland University of Technology and Shelley Phipps, Dalhousie University

The effects of economic stress on children are big. Parents’ anxiety about their financial situation is equivalent to the effect of a divorce, and is likely at play amid COVID-19.
In low-rent outer suburbs, almost one in six households could not afford to keep their house cool and went without meals. ChameleonsEye/Shutterstock

Private renters are doing it tough in outer suburbs of Sydney and Melbourne

Alan Morris, University of Technology Sydney; Hal Pawson, UNSW ; Kath Hulse, Swinburne University of Technology, and Violet Xia, University of Technology Sydney

While politicians ignore calls to raise Newstart, alarming levels of financial stress among private renters, particularly in low-rent outer suburbs, show why current welfare payments are too low.
Businesses are structuring their lending practices to exploit loopholes in consumer credit laws. Shutterstock

Four common debt traps: payday loans, consumer leases, blackmail securities and credit ‘management’

Saurav Dutta, Curtin University; Harjinder Singh, Curtin University, and Nigar Sultana, Curtin University

Here are the four common lending practices identified by the Australian inquiry into credit and financial services targeted at those at risk of financial hardship.
Unemployment and underemployment, as well as physical and mental health problems, were the most common experiences of people falling behind on debts. Shutterstock

What 1,100 Australians told us about living with debt they can’t repay

Evgenia Bourova, The University of Melbourne; Ian Ramsay, The University of Melbourne, and Paul Ali, The University of Melbourne

Australia’s first large-scale study on the experiences of people in financial hardship contradict the idea most debt problems are due to poor choices.
Many students reported regularly going without necessities including food, medications, fuel and prescribed textbooks. Shutterstock

Balancing work and tertiary study is harder now than in 2012: study

Susan Gair, James Cook University

The percent of students going without food or other necessities has risen since 2012, with students indicating work-study balance was impacting their daily lives, study success and mental health.
While people in WA might be spending less, there remains segments of the population that are vulnerable to intense cost of living pressures. shutterstock

Sydney the most expensive capital in Australia, Perth comes in fifth: new report

Rachel Ong ViforJ, Curtin University; Alan Duncan, Curtin University; Chris Twomey, Curtin University; Ken Leong, Curtin University, and Silvia Salazar, Curtin University

Households in NSW spend the most and WA households the least in Australia, but there are segments of WA who are feeling the bite more acutely in cost of living.

Related Topics

  1. Bankruptcy
  2. Consumer debt
  3. Coronavirus
  4. Cost of living
  5. COVID-19
  6. financial hardship
  7. Health
  8. Mental health
  9. Poverty
  10. Stress

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