A recent survey found one in five young people are experiencing financial hardship, with impacts on mental health and wellbeing. Experts say many young people are giving up on their dreams as cost-of-living pressures continue.
A recent survey has found one in five young people are experiencing financial hardship, with impacts on mental health and wellbeing.There are calls for more financial and housing support, as well as financial information for young people through a 'social transition passport'.They are only 18 and still in high school but feel life has been overshadowed by financial worry.
"Where we talk about the impact of the cost-of-living crisis on mental health and wellbeing, that comes back and impacts a person's ability to take part in activities, to do things that will help them succeed in the future.Of the almost 20,000 young people surveyed by Mission Australia for Orygen, one in five were experiencing financial hardship, with serious impacts on mental health and wellbeing.
"Most of my friends are making money themselves and not getting a lot of help from their families," they said. "We're meant to be excited about moving out to the city, but I have this fear of what it's going to cost to move and then just to exist there. And if I'll be able to get a job and if that job will pay enough."cost of living, climate concerns, social isolation and loneliness were drivers for the youth mental health crisis"It's so prevalent and so present for them that it's hard for them to escape.
"She's one of eight kids in her home, but she might have to abandon those plans to now step away from those dreams to meet the immediate needs at home. There's the guilt of having seven other siblings to support. "Knowing these things and how society works is something you're still learning, let alone if you're coping with mental health issues. And knowing where to go and who to speak to and how to solve problems.The report called for increased financial support, more housing options and opportunities for young people to engage with each others in their communities. Much of this has been recommended in the past.
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