Debt as a source of financial stress in Australian households. Discussion Paper No. 164

Worthington, Andrew C. (2003) Debt as a source of financial stress in Australian households. Discussion Paper No. 164. [Working Paper] (Unpublished)


This paper examines the role of demographic, socioeconomic and debt portfolio characteristics as contributors to financial stress in Australian households. The data is drawn from the most-recent Household Expenditure Survey Confidentialised Unit Record Files (CURF) and relate to 3,268 probability-weighted households. Financial stress is defined, amongst other things, in terms of financial reasons for being unable to have a holiday, have meals with family and friends, and engage in hobbies and other leisure ctivities and overall financial management. Characteristics examined included family structure and composition, source and level of household income, age, sex and marital status, ethic background, housing value, debt repayments and credit card usage. Binary logit models are used to identify the source and magnitude of factors associated with financial stress. The evidence provided suggests that financial stress is higher in families with more children or other dependents and from ethnic minorities, especially those more reliant on government pensions and benefits, and negatively related to disposable income and housing value. There is little evidence to suggest that Australia’s historically high levels of household debt are currently the cause of significant amounts of financial stress in these households.

Impact and interest:

Search Google Scholar™

Citation counts are sourced monthly from Scopus and Web of Science® citation databases.

These databases contain citations from different subsets of available publications and different time periods and thus the citation count from each is usually different. Some works are not in either database and no count is displayed. Scopus includes citations from articles published in 1996 onwards, and Web of Science® generally from 1980 onwards.

Citations counts from the Google Scholar™ indexing service can be viewed at the linked Google Scholar™ search.

Full-text downloads:

1,156 since deposited on 29 Jul 2004
38 in the past twelve months

Full-text downloads displays the total number of times this work’s files (e.g., a PDF) have been downloaded from QUT ePrints as well as the number of downloads in the previous 365 days. The count includes downloads for all files if a work has more than one.

ID Code: 325
Item Type: Working Paper
Refereed: No
Keywords: Household and consumer debt, owner, occupied and investor housing, financial stress, household expenditure
Subjects: Australian and New Zealand Standard Research Classification > ECONOMICS (140000) > APPLIED ECONOMICS (140200) > Financial Economics (140207)
Australian and New Zealand Standard Research Classification > STUDIES IN HUMAN SOCIETY (160000) > DEMOGRAPHY (160300) > Family and Household Studies (160301)
Divisions: Current > QUT Faculties and Divisions > QUT Business School
Copyright Owner: Copyright 2003 (please consult author)
Deposited On: 29 Jul 2004 00:00
Last Modified: 05 Jan 2011 13:23

Export: EndNote | Dublin Core | BibTeX

Repository Staff Only: item control page