Australian National University’s associate professor, Ben Phillips, says Australia needs a better way of measuring poverty and financial vulnerability.
This ABC News article covers the range of factors that impact on the financial wellbeing of households.
Key points:
- Around 80 per cent of JobSeeker recipients are in some form of financial stress
- Households with a net wealth lower than $2,000 have the lowest financial wellbeing
- Single-parent households have much-higher rates of financial stress than other households
Dr Phillips has created a calculator that calculator predicts every household’s risk of financial stress, and it lets people see how their own level of risk compares to other households in Australia.
Access the calculator and full article here
