Money matters in times of change: financial vulnerability through the life course
This study explores financial vulnerability during four key life transitions.
They include: moving from school to work, being out of work, becoming a single mother, and retiring and ageing. It found that material and emotional support are essential to reduce the risk that such transitions lead to financial hardship and persistent disadvantage.
It also found that some strategies used to cope with financial pressure, such as ‘doing without’, reduce immediate pressure but can lead to social exclusion.
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Last updated on 16 June 2020