Coming Up Tue 8:00 PM  AEDT
Coming Up Live in 
Live
Assyrian radio
SBS ASSYRIAN

Financial strain is at the front of Australians' minds

Office stress stock in Sydney, Tuesday, March 26, 2013 Source: AAP

Leading researchers have found approximately 12 million Australians are deeply concerned about their financial wellbeing, as a result of coronavirus pandemic. Advocates and community leaders welcomed the current economic support measures but they are calling for clarity on how long they will be available and for some to be made permanent.

The coronavirus pandemic is disrupting life across Australia, with many losing their jobs or having their income reduced.

Millions are feeling overwhelmed, shocked and anxious about their working futures. The Centre for Social Impact has released a new policy response to COVID-19’s impact on the Australian community’s financial wellbeing. It found millions of people are suffering financially and psychologically, and while the response from government to-date has protected many vulnerable Australians, there is room for improvement.

 Australian Council of Social Service ((ACOSS)) Chief Executive Cassandra Goldie says lives are at risk and no person in Australia should be left behind. 

Experts say Australia is heading for a deeper recession than what was seen in the 1980s and 90s.

The unemployment rate has increased from 5.2 per cent in March to 7.1 per cent in May. These figures exclude stood down workers who are receiving JobKeeper support. If those people are included, then the unemployment rate increases to 9.5 per cent in April and 8.2 per cent in May. Ms Goldie says social services welcomed support schemes such as JobKeeper and JobSeeker, but there needs to be clarity and assurance that the support will continue and not be reversed at any time.

 

 

 

info graph
sbs

Coming up next

# TITLE RELEASED TIME MORE
Financial strain is at the front of Australians' minds 18/07/2020 05:22 ...
The Services provided by Navitas English 24/10/2020 20:14 ...
The impact of COVID-19 on gambling behaviour 24/10/2020 14:25 ...
Meet the Assyrian sculptor restoring ancient artefacts destroyed by ISIS 21/10/2020 24:01 ...
Trust, patience, and care are the tools for a professional nurse 20/10/2020 12:22 ...
Twenty years since the departure of the encyclopedic Dr. Father Yusef Habbi 20/10/2020 13:37 ...
Travel in isolation 20/10/2020 10:22 ...
Seniors wellness day-care service program returns 19/10/2020 17:44 ...
International translation Day 18/10/2020 19:11 ...
Heartbreak for Australia's Armenian and Azerbaijani communities 17/10/2020 06:23 ...
View More