HOMELESSNESS + ECONOMICS STUDY SHEET

What is homelessness based on the ABS definition?

Homelessness occurs when a person does not have secure access to adequate housing.

What are the three types of homelessness?

Primary homelessness, Secondary homelessness, Tertiary homelessness.

Describe Primary homelessness.

People who are sleeping in places not designed for habitation.

What is Secondary homelessness?

People who move between temporary accommodation and don't have their own secure home.

Define Tertiary homelessness.

People living in accommodation that doesn't provide adequate security, privacy, or stability.

What percentage of people experiencing homelessness were aged 12–24 in 2021?

23.0% of people experiencing homelessness were aged 12–24.

What is scarcity?

Scarcity occurs when resources are limited but people's wants are unlimited.

What does opportunity cost mean?

Opportunity cost is the next best alternative given up when a choice is made.

What is the relationship between supply and demand in the housing market?

If demand exceeds supply, there aren't enough affordable homes for everyone who needs them.

What is the difference between market and non-market responses to homelessness?

Market responses are provided through buying and selling, while non-market responses are based on need rather than ability to pay.

What organization provides immediate support to people experiencing homelessness or hardship?

Orange Sky.

List two individual factors that can contribute to homelessness.

Family and domestic violence, loss of employment.

What are structural factors that contribute to homelessness?

Lack of affordable housing, high housing costs, poverty.

What do needs refer to in the context of homelessness?

Needs are things people require to survive and maintain a basic standard of living.

What are some examples of needs?

Safe housing, food, water, basic clothing, healthcare, safety.

How can you distinguish between wants and needs?

If a person could survive without it, it's probably a want; if not, it's a need.

What is the significance of the statistic 39.1% in relation to homelessness?

39.1% of people experiencing homelessness in 2021 were living in severely crowded dwellings.