| Target group |
Barriers to financial literacy |
Life-stage needs |
Strategies |
| Carers |
- Lack of targeted, reliable information about entitlements from income-support agencies
- Lack of respite care to attend courses
- Isolation
|
- On first becoming a carer
- On birth of disabled child
|
- Peaks to work with the Australian Government to develop options for financial education modules.
- Materials to include information on carer's entitlements
|
| CALD women |
- Cultural attitudes to managing finances
- Basic literacy and numeracy in English
- Lack of information in community languages
|
- In first two years of settlement
|
- Peaks to work with the Australian Government to develop options for financial education modules
- Materials to include information in community languages as required
- Undertake search on financial education materials already developed by state-based groups for newly-arrived refugees and migrants
|
| Older women |
- Learning to deal with finances following death of spouse
- Confusing information and advice on investments
- Confusion over range of financial products & services
|
- Pre-retirement
- On death of a spouse
- When investing in a retirement village
- On spouse's retirement
|
- Peaks to work with the Australian Government to develop options for workshop topics and financial education modules on specific topics
- Work with state-based groups (e.g. National Seniors) on the development of workshops and seminars
|
| Women with disabilities |
- Lack of reliable information on entitlements
- Lack of suitable transport
- Lack of information in Braille, tape and pictograms
|
- When requiring advice on trusteeships
- At school
|
- Peaks to work with the Australian Government to develop options for workshops on topics of concern to women with disabilities
- Provide information in a range of formats suitable for women with cognitive, sensory and physical disabilities
- Work with disability service providers to include financial information in living skills programs
|
| Rural women |
- Discriminatory attitudes from banks
- Costs of travel to access services
- Unreliable Internet access
|
- On sale of farm
- On birth of child
|
- Peaks to be consulted to develop options for workshop topics and financial education modules on specific topics
|
| Single mothers |
- Lack of reliable information from Centrelink
- Lack of child care to attend courses
- Economic marginalisation
|
- On separation and divorce
- On birth of child
|
- Peaks to be consulted in the development of options for workshop topics and financial education modules on specific topics
|
| Indigenous women |
- Lack of role models when growing up
- Lack of reliable information from Centrelink
- Lack of culturally appropriate financial information
|
- Information at school
- On birth of a child
|
- Peaks to be consulted in the development of options for financial education modules.
- Develop culturally appropriate information on financial issues. Australian Government Indigenous programs to explore outcomes from financial education programs in order to learn from these
- Use Indigenous facilitators to develop and deliver programs
|