04-04-2023 02:19 PM
We know many families around the country are feeling the pressure of the cost of living crisis. Between inflation, interest rate hikes, housing affordability and day-to-day expenses, it’s safe to say most of us are impacted. Financial stress can have far-reaching effects on well-being, and recently we spoke to young people about how the cost of living crisis is affecting them.
50% of the young people we surveyed are stressed about the cost of living, with 40% agreeing that it’s having a major impact on their mental health.
Parents and carers are carrying a lot on their shoulders, too. We want to acknowledge the pressure many of you are under, not only to make ends meet but also to support your teen with their fears about the future. If you need a hand with navigating tough conversations about money, we’ve got helpful articles that can give you some ideas below.
Talking to a teenager about money issues
Financial support services
To help alleviate some of the financial pressures, we've put together a list of financial support services. We understand that seeking financial aid can be difficult and confronting, so please feel free to reach out if you have any concerns or questions about it.
Homelessness support services
If you or someone you know is experiencing homelessness, there are support services available to help. These services offer a range of assistance, including emergency accommodation, financial support, counselling, and advocacy. In this section, we've compiled a list of some of the essential homelessness support services available in each state and territory, along with their contact details.
Domestic and Family Violence
When money is tight, tensions can run high, and relationships can become strained. For those experiencing domestic or family violence, financial stress can make it even harder to seek help or leave a violent situation. In this section, we'll explore the impact that financial stress can have on domestic and family violence and provide resources to support those affected by this issue.
09:00AM to 11:00PM
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The current time is Wed, 2:58 AM
(Australian Eastern time)