In 2018, 62,856 households in our city had an income of no more than 130% of the legal social minimum. With tight financial means it is more difficult to overcome setbacks. In addition, financial concerns can hold people from taking resilience-enhancing measures such as a buying a smoke detector or making an emergency kit. Having limited financial resources and/or problematic debt can be a huge source of stress, potentially leading to adverse physical health impacts, domestic issues and difficulties holding employment.
A lack of financial resources limits people’s ability to overcome additional shocks and stresses. People in debt are likely to isolate themselves from society, leading to social segregation and making it even harder to get out of debt.
19% of households with children have a low income
20,800 children live in a low-income household