Financial well-being
Everyone has the necessary resources to satisfy their needs.
Income and wealth are essential components of the well-being of individuals and societies. Evidence suggests that poverty — particularly childhood poverty — is the most accurate predictor of homelessness in young adulthood. Health and support needs, such as serious drug use, also contribute to homelessness risks, but their explanatory power is less than that of poverty. We also know that policies and programmes designed to help low-income households to increase their income are critical to supporting housing stability. A reduction in work hours, a lost job, an illness or an unexpected expense can spiral into an inability to pay rent, which could lead to an eviction or reliance on extended family for a place to stay.
Low income
Poverty level
Financial stress
Debt burden
Income fragility
Low income
Poverty level
Financial stress
Debt burden
Income fragility
