Income poverty, subjective poverty and financial stress /Series: Australia. Department of Families, Community Services and IndigenousPublisher: Canberra, A.C.T. Dept. of Families, Community Services and Indigenous Affairs 2007Description: xiv, 74 p. ; 30 cmISBN: 192113030XOther title: Australia. Department of Families, Community Services andSubject(s): Poverty Measurement | Low Income Groups Economic Aspects | Household Surveys Research | Finance, Personal | Stress (psychology) | Poor Statistics | Social Indicators | Housing Costs | Cost And Standard Of Living Measurement | Disadvantaged Groups | Social Exclusion | Statistical Analysis | Australia. Department Of Families, Community Services AndIndigenous Affairs (FaCSIA) | Household, Income And Labour Dynamics In Australia Survey (hilda)Online Resources: Electronic copy
[Completed under contract with] the Melbourne Institute of Applied Economic and Social Research.--T.p. verso. Includes bibliographical references (p. 71-74)
This paper focuses on financial disadvantage among Australians using data from the first two waves (2001 and 2002) of the Household, Income and Labour Dynamics in Australia (HILDA) survey. In this paper, three dimensions of financial disadvantage are investigated: income poverty (both before and after-housing); subjective poverty; and financial stress. For this paper, being in income poverty is defined as living in a household with an income of less than 50 per cent of median equivalised disposable household income. The equivalence scale used was the modified Organisation for Economic Co-operation and Development (OECD) scale. Both before and after-housing measures were analysed. Subjective poverty is based simply on whether respondents view themselves as poor or very poor.