Does location help explain why some people are vulnerable to financial stress?
Guay Lim, Viet Nguyen, Timothy Robinson, Sam Tsiaplias
Published : 2020
The Australian labour market has been severely impacted by the COVID-19 pandemic, with many workers experiencing loss of employment or having to work reduced hours. This has led to many people facing a decline in their income which can in turn trigger financial stress. However, the financial impact of the pandemic is not evenly spread across regions, meaning a spatial perspective could be valuable in adequately addressing financial stress. This Research Insight uses data from the Melbourne Institute’s Taking the Pulse of the Nation survey and the SEIFA Index of Economic Resources (IER) to examine the spatial aspects of financial vulnerability, assessing how different regions across Australia..View full abstract