The Families Commission and Retirement Commision have jointly released this second report on debt.
The study found that financial behaviour (notably not saving and living pay-to-pay ‘most' or ‘all' of the time) can increase the likelihood of a family experiencing over-indebtedness by more than 20%, holding family and financial circumstances constant.
Purpose
The purpose of this research was to find out how the Families Commission and Retirement Commission could help families avoid becoming over-indebted, by identifying what made some families more resilient to this situation.