Financial Resilience in Australia 2018
Axelle Marjolin, Kristy Muir, Megan Weier
University, Research Partners:
This report presents a headline measure of financial resilience in Australia in 2018, including a state comparison, and the population’s level of resources across all four components of financial resilience: economic resources, financial products and services, financial knowledge and behaviour and social capital. It also discusses changes in financial resilience in Australia, between 2015 and 2018, and explores how groups identified as vulnerable to severe or high financial stress in 2015 and 2016 fare in 2018.
In addition, in recognition of the crucial role of money in the ability to deal with financial shocks, it explores the relationship between people’s level of economic resources and the other resources necessary for financial resilience.