Youth Allowance and the Financial Position of Young Australians

Christopher Ryan

Australian Economic Review, 2014, vol. 47, issue 1, 115-123

Abstract: type="main" xml:lang="en">

This article uses data that follow young Australians to their mid-20s to assess how their views of their financial position change as their circumstances change. Full-time students in receipt of Youth Allowance are the least satisfied about their financial position, even among other students, and experience more financial ‘stress’-related incidents than other young people. Little of these differences from other groups seem to be a consequence of the receipt of Youth Allowance. Furthermore, the differences do not translate into recipients having lower levels of life satisfaction, unlike young people in receipt of other forms of government income support.

Date: 2014
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