Household finance

ALTERNATIVE LABELS
Household budget
Household debt
Households economic aspects
NARROWER TERMS

Household finance is the financial management which an individual or a family unit performs to budget, save, and spend monetary resources over time, taking into account various financial risks and future life events.

Report

Losing traction: lessons in financial wellbeing from the COVID crisis

As Australia reopens, it is easy to feel that the worst of the COVID-19 crisis is over. However, this analysis suggests recovery for many will be slow, with ongoing struggles making ends meet.
Report

A brief reprieve? Financial wellbeing after the 2020 COVID-19 lockdowns

This third paper in the 'Financial Lives in Uncertain Times' series explores trends in financial wellbeing during the fleeting period of recovery between the pandemic-related lockdowns of 2020 and 2021.
Discussion paper

The rise in household liquidity

This paper explores the determinants of liquidity across households and over time, using a range of household surveys for Australia. The authors find that household liquidity is strongly associated with life cycle factors, such as age and housing tenure.
Report

Walking the path to the next global financial crisis

This report argues that failing to prepare now for the next financial crisis could destroy New Zealanders’ nest eggs and threaten their livelihoods.
Report

New vulnerable research

From April to September 2020, Good Shepherd commissioned Roy Morgan to investigate a group of working Australians that they have termed the ‘new vulnerable’. This report provides in-depth analysis of these people, and their experience of navigating support systems to address their needs arising from...
Report

Pandemic pain: Victorian renters in lockdown

Tenants Victoria, the state's peak body for renters, surveyed renters about the financial impact of public-health lockdowns during the COVID-19 pandemic. The survey, conducted immediately after Victoria's fifth lockdown in August 2021, found that 69% said they were financially impacted by lockdowns, while more than...
Report

The perceived value of insurance for low-income households

This report provides an extensive analysis of how low-income households both value insurance and what they consider when making their insurance decisions. The findings point to both practical barriers, such as cost, for low-income households, as well as attitudinal differences in the perception of how...
Report

Insights into hardship and disadvantage in Perth, Western Australia: the 100 Families WA report

Inspired by Auckland City Mission’s Family 100 project, the 100 Families WA project sought to gain a deep understanding of the lived experience of entrenched disadvantage in Perth, Western Australia. This report outlines the research findings.
Discussion paper

Generation stressed: house prices and the cost of living in the 21st Century

This discussion paper explores how the affordability of home ownership has changed between generations over the last half century. It shows that the common framing of mortgage affordability places far too much emphasis on short-term interest rates, and far too little on inflation and wage...
Report

Counting the cost to families: assessing childcare affordability in Australia

Despite government subsidies, childcare is still a significant cost for many families. This paper reviews available data on expenditure and affordability, and presents new analysis of household expenditure data to understand how much Australian families are spending on early childhood education and care, as a...
Report

All in it together? Financial wellbeing before COVID-19

This report shows that financial wellbeing in Australia improved in the two years before the COVID-19 crisis, but not all groups experienced the same improvements.
Report

Shocks and safety nets? Financial wellbeing during COVID-19

This paper explores the impacts of the COVID-19 crisis and resulting policy responses on financial wellbeing.
Working paper

Exchange rates, remittances and expenditure of households with foreign-born members: evidence from Australia

This paper examines the impact of the depreciation of the Australian dollar on the expenditure of households with foreign-born members in Australia.
Report

Helping households in debt

Much like Australia, household debt is increasing in the United Kingdom. This report examines how the financial impacts of COVID-19 may affect people in different demographic groups and regions, and explores experiences of debt and household finance before and during the pandemic.
Report

Families in Australia Survey: life during COVID-19 - report no.6

This report explores people's responses to the financial impact of COVID-19 and their concerns about their current and future financial situations.
Policy report

How does the budget affect us? Independent modelling of Federal Budget 2020-21

NATSEM undertakes independent and impartial research that contributes to policy design and analysis. Their work includes models that show how policy scenarios shape tax and welfare payments. This report is based on the STINMOD+ tax and transfer microsimulation model, which is used to estimate the...
Report

Early tax cuts as stimulus – gender analysis

This paper looks at how much of the benefit of bringing forward the tax cut goes to women and how much goes to men, based on two options for how the federal government might bring forward the tax cuts.
Discussion paper

How risky is Australian household debt?

It is often observed that the level of household debt (relative to income) is high in Australia compared with other countries and its own history. Concerns about how this will influence the economy’s ability to navigate a major downturn have for many years been central...
Report

Income and wealth

Many changes have occurred in Australia since the establishment of the Australian Institute of Family Studies in 1980. This snapshot report outlines some of the significant changes in household incomes, household wealth and also the amount of household debt over the last forty years.
Policy report

Increasing childcare subsidies would support children, families and the economy

Economic modelling by the Mitchell Institute has found that many families will be significantly financially worse off, following the reintroduction of childcare fees for parents.