06 June 2012
Russell: ANZ report finds financial skills linked to overall wellbeing
(Brotherhood of St Laurence library, 6 June 2012)
ANZ today released its 2012 study into MoneyMinded, Australia’s largest financial literacy and inclusion program, which found that participants saved more, encouraged others to save more, and were significantly less stressed about their finances.
The report entitled ‘The reach and impact of MoneyMinded in the Asia Pacific 2010-2011’ was undertaken by RMIT University.
It surveyed 171 MoneyMinded participants across Australia, Fiji and Papua New Guinea, and measured their financial management behaviour before and after completing the program.
The study’s author, RMIT’s Professor Roslyn Russell, said: “This year’s survey is one of the most comprehensive assessments we’ve undertaken into MoneyMinded since ANZ launched the program back in 2004.
“This is also the first year participants in Fiji and Papua New Guinea were surveyed in addition to those in Australia, giving us a better picture of the impacts MoneyMinded has on a range of financial capability and overall wellbeing factors.”
Note: this is an extract only, not the full article..