TASK B: Financial Wellbeing of Vulnerable Australian Households The Covid-19 pandemic has also affected Australia in many ways. In particular, the financial wellbeing of many vulnerable Australian households is adversely affected. Queensland Council of Social Services (QCOSS) has produced its latest 2021 report of Living Affordability in- Queensland which models the income and expenditure of seven low-income household groups. Choose one from these two model households, and address the following tasks. Working family, or, Single parent-non-resident family . With reference to the QCOSS report, present an analysis of the net budget position of your chosen household in discussing their income and expenditure. In your analysis, incorporate a description about financial well-being. 4 marks Present a plan involving several key strategies to help improve the financial wellbeing of your chosen household. Specifically, discuss relevant strategies to: i) reduce debt and expenses, ii) increase savings and iii) manage risk. 6 marks TASK B: Financial Wellbeing of Vulnerable Australian Households The Covid-19 pandemic has also affected Australia in many ways. In particular, the financial wellbeing of many vulnerable Australian households is adversely affected. Queensland Council of Social Services (QCOSS) has produced its latest 2021 report of Living Affordability in- Queensland which models the income and expenditure of seven low-income household groups. Choose one from these two model households, and address the following tasks. Working family, or, Single parent-non-resident family . With reference to the QCOSS report, present an analysis of the net budget position of your chosen household in discussing their income and expenditure. In your analysis, incorporate a description about financial well-being. 4 marks Present a plan involving several key strategies to help improve the financial wellbeing of your chosen household. Specifically, discuss relevant strategies to: i) reduce debt and expenses, ii) increase savings and iii) manage risk. 6 marks