How to reduce household financial stress during COVID-19?
Melbourne Institute Research Insight No. 05/20
Date: April 2020
Author(s):
Abstract
The latest results from the Melbourne Institute's Taking the Pulse of the Nation survey finds that around 30% of Australians are experiencing moderate to high levels of financial stress (defined by their ability to pay for essential goods and services such as their rent, mortgage or bills). This Research Insight explains how financial impact can vary based on factors such as age and income, and evaluates the need for more targeted income support policies to help households manage increasing levels of financial stress driven by COVID-19.