Dealing with Debt and Financial Stress

Cover - Dealing with Debt and Financial Stress
  • Dealing with Debt and Financial Stress
  • Volume 430
  • Editor: Justin Healey
  • Print book ISBN: 978 1 925339 60 4
  • E-book ISBN: 978 1 925339 61 1
  • Year: 2018
  • E-book: $30.00 - pre-order now! (due 23/01/2018)

To date, Australia has experienced a record 26 years of sustained growth without a recession, however alarm bells are now ringing over the level of Australian household debt which has risen steadily over the past three decades. Are Australian households on the edge of a debt crisis? Many Australians are struggling to meet their payments for mortgages, investments, personal debt, student debt, and credit card debt. It has been estimated that two million Australians are experiencing high financial stress which prevents them from coping in difficult situations and in the face of unexpected expenses. What is financial stress, and how do factors like housing affordability, higher debts and overspending on low incomes contribute to financial pressure? How does stretching the bottom line affect people’s health, relationships and financial security? This book is a helpful guide for young people to understand financial stress and debt, with ample fact sheet-style advice on how to deal with debt, manage money through budgeting and savings, and develop your financial literacy. Make the most of your money and manage debt, before the bank breaks you.