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The Melbourne Institute has released research on parent’s soaring mental and financial stress arising from COVID-19:
In mid-May, 56% of survey participants anticipated they would be personally impacted by the coronavirus for longer than six months. Eight weeks later, 67% now expect the effects to extend for longer than six months.
Additionally, after a period of decrease, the proportion of people vulnerable to mental distress has edged up since June, suggesting a sharp reversal from the downward trend.
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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.