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TOGETHER, WE CAN BUILD OUR RESILIENCE TO FINANCIAL SHOCKS

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NEWS & PUBLICATIONS

The team at Financial Resilience Australia regularly contribute to Academic and Industry-led literature on topics of interest including Financial Inclusion, Financial Resilience, Financial Wellbeing and Women’s Entrepreneurship.

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OUR RANGE OF PROFESSIONAL SERVICES

We provide a range of professional services including evidence-based consulting; program design and delivery; research, measurement, monitoring and evaluation; innovation via social laboratories; learning, training and skills development; event management and publications.

OUR VISION

Our vision is to improve the financial inclusion, capability, resilience and wellbeing of those who are vulnerable to financial stress, and create partnerships enabling business leaders, policymakers and cross-sectoral innovators to also take action within their own sphere of influence. 

OUR CLIENTS

FINANCIAL RESILIENCE

Financial resilience is the ability to bounce back from a financial shock.1

More than two million Australian adults have low financial resilience, experiencing severe to high financial vulnerability. Those impacted, particularly women, are more likely to face poorer socio-economic and health outcomes, in addition to lower education, employment and income status.

1 Muir, K., et al., Financial resilience in Australia 2015, 2016. Centre for Social Impact – University of New South Wales, for National Australia Bank.

FINANCIAL INCLUSION

Financial exclusion is the lack of access to safe, affordable and appropriate financial products and services from mainstream providers.2

More than three million Australian adults are financially excluded , unable to access the basic financial products and services they need, when they need them. This increases their likelihood of experiencing financial hardship and poverty.

2 Connolly C, Measuring Financial Exclusion in Australia, 2014. Centre for Social Impact – University of New South Wales, for National Australia Bank.

FINANCIAL WELLBEING

Financial wellbeing is the ability to meet current financial needs, feel secure about the future, and be free to make choices to enjoy life.3

More than three million Australian adults, particularly women, are likely to have low financial wellbeing. They say they do not enjoy life because of the way they are managing their money, struggle with money management, or feel their lives are often or always controlled by their finances.

3 Financial well-being: The goal of financial education, 2015. Consumer Financial Protection Bureau – Washington D.C.

FINANCIAL CAPABILITY

Financial capability refers to the combination of individual behaviours, personality traits and external factors that contribute to a person’s financial wellbeing.1

More than thirty percent of the Australian population has low to very low financial capability1, though this proportion has steadily decreased from almost forty-five percent in 2016. Those on low incomes, from non-English speaking backgrounds, those living with a disability (particularly mental illness), youth and the elderly, are amongst groups who are likely to have lower capabilities.

1 Muir, K., et al., Financial resilience in Australia 2015, 2016. Centre for Social Impact – University of New South Wales, for National Australia Bank.

“START WHERE YOU ARE. USE WHAT YOU HAVE. DO WHAT YOU CAN”

– Arthur Ashe

NEWS & PUBLICATIONS

The team at Financial Resilience Australia regularly contributes to academic and industry-led literature on topics of interest including financial inclusion, resilience, wellbeing and women’s entrepreneurship.

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