Financial stress is making life harder in Australia and driving people further apart, causing the lowest levels of social cohesion on record.
That’s according to the 2023 Mapping Social Cohesion report, conducted by the Scanlon Institute. In July this year, it held a nationally-representative survey of 7,500 people.
The Scanlon Institute’s annual survey has been conducted since 2007, and provides a snapshot of Australians’ financial wellbeing, attitudes towards multiculturalism, and levels ofpolitical engagement.
Financial stress
About half of people in Australia said economic issues are the most important problems they face, which has an impact on social cohesion.
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About six in 10 people said they’re financially satisfied or very satisfied, down from seven in 10 three years ago.
Over the past 12 months:
12% skipped a meal because of financial stress
12% struggled to pay their rent or mortgage.
22% sometimes couldn’t pay for medicine or health care.
