Paul Clitheroe, along with fellow Taskforce member Norm Owens (Australian Business
Weekly), hosted the final forum meeting at the Australian Stock Exchange in
Melbourne on Friday 23 July.
Like the other forums held around the country, it was an excellent opportunity
to hear what Australians have to say about financial literacy. One of the themes
of the meeting was the issue of who to trust for financial advice. Another common
theme was the difference a good role model can make.
Having good role models is important
Pamela is a single parent and knows the importance of being a good role
model for her children. However, she is concerned that she does not have
the know-how to be a good financial mentor. Pamela parents did well financially,
but they did not pass on this knowledge to their children. Interestingly,
two of her siblings managed to develop financial skills in other ways and
have done well, while Pamela and her other sibling are still struggling
to manage. Such differences bring into focus our diversity as consumers
and underline the need to explore the reasons why some people are better
at managing money than others.
Follow the links on the thumbnails to full size images.
officer, Wendy Smith discusses the importance of developing teacher
skills as part of her work with Consumer Affairs Victoria’s Money
Paul and university student, Josephine, discuss her Masters thesis. Josephine
is looking at financial initiatives that could be used to assist university
students with the costs of studying.