The Financial Resilience and Life Satisfaction Nexus of Indigenous Australians
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Selvanathan, Eliyathamby A
Selvanathan, Saroja
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Abstract
Financial resilience is characterised by four sets of variables, namely economic resources, financial inclusion, financial capability and social capital. The purpose of this study is to examine the association between financial resilience and life satisfaction of Indigenous Australians using the (2014/2015) National Aboriginal and Torres Strait Islander Social Survey data. The results reveal that running out of money for living and problems in accessing financial services have significant negative implications on the life satisfaction of Indigenous Australians. The ability to raise money in an emergency, social connections and community support in times of crisis contributes to greater life satisfaction.
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Economic Papers
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© 2020 The Economic Society of Australia. This is the peer reviewed version of the following article: The Financial Resilience and Life Satisfaction Nexus of Indigenous Australians, Economic Papers, 2020, which has been published in final form at https://doi.org/10.1111/1759-3441.12296. This article may be used for non-commercial purposes in accordance with Wiley Terms and Conditions for Self-Archiving (http://olabout.wiley.com/WileyCDA/Section/id-828039.html)
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Applied economics
Banking, finance and investment
Social Sciences
Business & Economics
financial resilience
life satisfaction
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Jayasinghe, M; Selvanathan, EA; Selvanathan, S, The Financial Resilience and Life Satisfaction Nexus of Indigenous Australians, Economic Papers, 2020