LIPIcs.GIScience.2023.87.pdf
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Financial precarity is a growing and pressing issue in many countries, which refers to a precarious existence which lacks job security, predictability, and psychological or material welfare. Its negative effects can be observed in cognitive functioning, emotional stability and social inclusion. Financial precarity has been proved to be impacted by multifaceted factors ranging from poor quality, unpredictable work, unmanaged debt, insecure asset wealth and insufficient money and resource. However, the geographical variation of financial precarity and the embedded social-spatial inequalities remain understudied. This paper addresses this research gap by introducing a new geodemographic classification of financial precarity, which is developed from a series of small area measurements covering employment, income, asset, liability and lifestyle characteristics of neighbourhoods. The research is conducted within the spatial extent of England and Wales.
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