Andrew C. Worthington
Debt as a source of financial stress in Australian households
University of Wollongong
abstract paper examines role demographic socioeconomic debt portfolio characteristics contributors financial stress australian households data drawn recent household expenditure survey relate 3268 probabilityweighted households financial stress defined among things terms financial reasons unable holiday meals family friends engage hobbies leisure activities general money management characteristics examined include family structure composition source level household income age gender marital status ethnic background housing value debt repayment various types credit card usage binary logit models used identify source magnitude factors associated financial stress evidence provided suggests financial stress higher families children ethnic minorities especially reliant government pensions benefits lower families higher disposable incomes housing values weak evidence australias historically high levels household debt cause financial stress