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Ok I'll raise you"Although GDP has rebounded and is showing strong growth, the number of people reporting financial stress (difficulty paying for essential goods and services) has risen to 31 per cent – now exceeding the number of people making ends meet, at 26 per cent.The proportion of people experiencing mental distress (feeling depressed and anxious most of the time) – is now 24 per cent, a record high since the survey started in April 2020.Self-employed Australians report the highest levels of financial stress and mental distress. Fifty per cent say they are financially stressed and 15 per cent are only making ends meet. Almost half – 47 per cent – are mentally distressed. Those on fixed term (73 per cent) and casual (77 per cent) contracts are more vulnerable to adverse income shocks.The fortnightly survey from Melbourne Institute: Applied Economic & Social Research tracks changes in the economic and social wellbeing of Australians. The 28th wave of the survey was conducted from 1 to 6 March.Professor Guay Lim, author of the report, said the results suggest that economic recovery is not being felt equally across Australian society.“The data from this latest wave suggest that not everyone is seeing the benefits of the economic upturn and this is having a serious impact on Australians’ financial and mental wellbeing,” Professor Lim said."[URL unfurl="true"]https://about.unimelb.edu.au/newsroom/news/2021/march/financial-stress-and-mental-distress-growing-despite-signs-of-economic-upturn-satisfaction-with-government-policy-at-all-time-low[/URL]
Ok I'll raise you
"Although GDP has rebounded and is showing strong growth, the number of people reporting financial stress (difficulty paying for essential goods and services) has risen to 31 per cent – now exceeding the number of people making ends meet, at 26 per cent.
The proportion of people experiencing mental distress (feeling depressed and anxious most of the time) – is now 24 per cent, a record high since the survey started in April 2020.
Self-employed Australians report the highest levels of financial stress and mental distress. Fifty per cent say they are financially stressed and 15 per cent are only making ends meet. Almost half – 47 per cent – are mentally distressed. Those on fixed term (73 per cent) and casual (77 per cent) contracts are more vulnerable to adverse income shocks.
The fortnightly survey from Melbourne Institute: Applied Economic & Social Research tracks changes in the economic and social wellbeing of Australians. The 28th wave of the survey was conducted from 1 to 6 March.
Professor Guay Lim, author of the report, said the results suggest that economic recovery is not being felt equally across Australian society.
“The data from this latest wave suggest that not everyone is seeing the benefits of the economic upturn and this is having a serious impact on Australians’ financial and mental wellbeing,” Professor Lim said."
[URL unfurl="true"]https://about.unimelb.edu.au/newsroom/news/2021/march/financial-stress-and-mental-distress-growing-despite-signs-of-economic-upturn-satisfaction-with-government-policy-at-all-time-low[/URL]
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