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Welfare PI Framework>Autonomy and participation>Economic resources and security

Economic resources and security

The material standard of living enjoyed by individual Australians primarily depends on their command of economic resources, both in the immediate and long term. Economic factors are related to all aspects of the welfare framework, including health, education, employment and social networks.

Indicators to describe the economic wellbeing of Australians . While income data are the most commonly reported measures of economic status, an individual's income can fluctuate dramatically across different life stages, and alone does not determine material quality of life. Other factors are the extent to which income is 'buffered' by accumulated wealth, and the amount of economic resources needed to fulfil different financial commitments.

Income and income distribution

Income disadvantage

Financial stress and hardship

Wealth and wealth distribution

Indicators in this framework