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The Financial Resilience and Life Satisfaction Nexus of Indigenous Australians

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  • Maneka Jayasinghe
  • Eliyathamby A. Selvanathan
  • Saroja Selvanathan

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.

Suggested Citation

  • Maneka Jayasinghe & Eliyathamby A. Selvanathan & Saroja Selvanathan, 2020. "The Financial Resilience and Life Satisfaction Nexus of Indigenous Australians," Economic Papers, The Economic Society of Australia, vol. 39(4), pages 336-352, December.
    • Handle: RePEc:bla:econpa:v:39:y:2020:i:4:p:336-352
    DOI: 10.1111/1759-3441.12296
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    2. XueHui Zhang & Kun-Shan Wu & Mingwen He, 2023. "Concave-convex effect of financial resilience on corporate financial performance: quantile regression approach," Palgrave Communications, Palgrave Macmillan, vol. 10(1), pages 1-14, December.
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    4. Roslyn Russell & Ashton de Silva, 2020. "Introduction to the Special Issue: Financial Capabilities and Well‐being," Economic Papers, The Economic Society of Australia, vol. 39(4), pages 314-317, December.
    5. Zewei Liu & Ji-Kang Chen, 2024. "Financial Resilience and Adolescent Development: Exploring a Construct of Family Socioeconomic Determinants and Its Associated Psychological and School Outcomes," Child Indicators Research, Springer;The International Society of Child Indicators (ISCI), vol. 17(5), pages 2283-2318, October.

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