1344.8.55.001 - ACT Stats, 2005
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 10/05/2005
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Financial Stress in the ACT Lower than National Figure
Canberrans are less stressed financially than the rest of Australia, according to a report from the Australian Bureau of Statistics released today.
On average people living in the ACT had less trouble raising finance, did not need to raid their savings for basic living expenses as often as other Australians and experienced fewer cash flow problems during 2002, the survey period.
Unemployed people and single parents were among the most likely to experience financial stress and people renting accommodation were more vulnerable than those buying their own home.
The survey showed that people in the ACT reported a lower incidence of financial stress than for Australia as a whole for each of the three broad indicators:
The incidence of financial stress in the ACT was less than that across Australia as whole, according to Jon Hall, the ABS Regional Director for the ACT.
“Certain groups of ACT residents were more prone to financial stress, however, and these include single parents, the unemployed and people renting their homes", he said.
Further information is in ACT Stats: Financial Stressors (cat. no. 1344.8.55.001).
Media Note: This data comes from the 2002 General Social Survey (cat. no. 4159.8.55.001) released on January 21, 2004.
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