We now have yet another thing to blame on the global financial crisis – crime.
According to the Australian Homeland Security Research Centre (AHSRC), we will see an increase in violence, property crime, burglary, robbery and theft as the economic outlook deteriorates.
AHSRC executive director, Athol Yates said there is a natural progression between a declining economy and crime.
“The conventional wisdom is that a decline in the economy leads to an increase in both property crime and violent crime.”
Yates believes that when people lose their jobs and struggle to make ends meet, they may turn to crime such as robbery and shoplifting to get by.
“As stress at work and home increases due to financial concerns, domestic and random violence increases.
“A recession can change demographics by creating locations of poverty and increasing the number of unemployed young males at home during the day.”