Illness and Disability
Physical and mental illness and disability can make individuals far more susceptible to financial vulnerability. This vulnerability can occur very quickly – for example, after receiving a large medical bill – or it can creep in slowly as the illness or disability slowly erodes a person’s ability to meet their financial commitments. 17.8% of people with a disability that limits their core activities are currently living in poverty. This is significantly higher than the overall adult poverty rate of 12.8%. (Source: ACOSS Poverty Report 2016).