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4159.0 - General Social Survey: Summary Results, Australia, 2010  
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 30/09/2011   
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Contents >> Financial stress and income >> Financial resilience

FINANCIAL RESILIENCE

Information about the types of financial resilience actions taken by households was also collected for the first time in 2010. Those in higher income quintiles were much more likely to have undertaken at least one financial resilience action (94% of the highest quintile), such as paying off additional amounts on credit cards or home loans, than those in lower income quintiles (69% of the lowest quintile).

8.2 Selected financial resilience actions, By equivalised household gross weekly income
Graph: 8.2 Selected financial resilience actions, By equivalised household gross weekly income


In terms of non-monetary resilience actions undertaken by households, the survey found that people in lower income quintiles were about as likely to report that their household had followed a budget as were those in high income households, although less likely to have received financial advice.

8.3 Selected financial resilience actions, By equivalised household gross weekly income
Graph: 8.3 Selected financial resilience actions, By equivalised household gross weekly income



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