About the Strategy

Improving financial literacy skills can have significant benefits for everyone, no matter their age or income. Good financial literacy skills help individuals and families to make the most of opportunities, meet their goals and secure their financial wellbeing, as well as contribute to the economic health of society.

The strategy was launched by the Hon. Bill Shorten MP, Minister for Financial Services and Superannuation, and Assistant Treasurer on 15 March 2011.

What is the vision of the strategy?

To enhance the financial wellbeing of all Australians by improving financial literacy levels.

The strategy provides a framework to achieve this. It has four pillars:

• Education through schools and other pathways
• Providing trusted and independent information, tools and ongoing support
• Recognising the limits of education and information and developing additional innovative solutions to drive improved financial wellbeing and behavioural change
• Working in partnership with the many sectors involved with financial literacy, measuring our impact and promoting best practice

How was the strategy developed?

The Australian Securities and Investments Commission (ASIC) prepared the strategy in consultation with key financial literacy partners and stakeholders, and after considerable research into what Australians know about, and do with, their money. It builds on existing initiatives here and overseas, and has particularly benefited from the input of the Australian Government Financial Literacy Board, who has also endorsed the strategy. 

Feedback

To provide feedback or find out more about the strategy, please email feedback@financialliteracy.gov.au

Last updated: 28 Feb 2012