Increasing Skills and Self Determination
of People with Disabilities
There is far too much ‘minder care’ rather than ‘quality of life care throughout the range of support services available to people with disabilities.
People with disabilities are often excluded from financial services and are frequently at risk of financial exploitation
Financial literacy helps people to make better financial decisions and act on them, given the opportunities available to them.
It is not just about increasing people’s knowledge of money matters and financial skills. It is also about people’s attitudes.
Financial literacy is a combination of financial awareness, knowledge, skills, attitudes and behaviours necessary to make sound financial decisions and ultimately achieve individual financial wellbeing.
Financial literacy is about understanding money and finances and being able to confidently apply that knowledge to make effective financial decisions.
The Australian Securities and Investments Commission is reviewing their 2011 National Financial Literacy Strategy (PDF 905KB) and developing a new one for 2014-16. National Financial Literacy Strategy 2014/16