Leading Financial Literacy in Australia

• Main Authors: Clare Marlin, Amanda Westcott
• Format: Article
• Language: English
• Published: Tuwhera Open Access Publisher 2013-06-01
• Series: Applied Finance Letters
• Subjects: Financial literacy; financial knowledge; financial education; financial exclusion; financial inclusion; behavioural
• Online Access: https://ojs.aut.ac.nz/applied-finance-letters/article/view/8

In Australia financial literacy work nationally is guided by the principles of the National Financial Literacy Strategy, a collaborative multi-agency strategy coordinated by the Australian Securities and Investments Commission (ASIC). This provides a framework for many agencies and organisations to work in partnership to develop and deliver initiatives to improve the financial literacy of all Australians. This article highlights the thinking behind the strategy, presents examples of the strategy in action, and foreshadows next steps. Above all, it argues that the challenges of improving financial literacy are best shared – i.e. that a collaborative approach between sectors and countries remains the most effective way forward