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Household finances: Financial stress

Financial stress

Household finance statistics, by household composition and age group, contribute to understanding the overall economic wellbeing of households.

Indicators of financial stress by household composition are collected in the General Social Survey conducted by the Australian Bureau of Statistics (ABS). The survey aims to provide an understanding of the multi-dimensional nature of relative advantage and disadvantage across the population.

The survey has been conducted every 4 years since 2002, with the latest release in 2014. Detailed information is collected about the personal and household characteristics of persons aged 15 years and over in private dwellings throughout Australia (excluding foreign diplomats, members of non-Australian defence forces, visitors, people living in very remote areas and people living in discrete Aboriginal and Torres Strait Islander communities). A sample of 12,932 dwellings across the states and territories were included in the survey to generate estimates and relative standard errors for the Australian resident population.

The General Social Survey includes information on a range of social dimensions such as experiences of homelessness, household income, housing costs and financial statistics, demographic characteristics, transport and mobility, education, and employment.

General Social Survey data are also used in the following dashboard menu options: People with experiences of homelessness and Financial statistics.

See ABS 4159.0 – General Social Survey: Summary Results, Australia (http://www.abs.gov.au/ausstats/[email protected]/mf/4159.0) for further information, including in-depth commentary and analysis, in particular the source data Quality Declaration. Source reference tables 16.1 and 16.3.