Consumer and Financial Literacy Taskforce, Australian Government, The Treasury.

 

Melbourne

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

Paul Clitheroe talking to Pamela

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.

Pictures

Follow the links on the thumbnails to full size images.

Education officer, Wendy Smith discusses the importance of developing teacher skills as part of her work with Consumer Affairs Victoria’s Money Stuff program.
Education officer, Wendy Smith discusses the importance of developing teacher skills as part of her work with Consumer Affairs Victoria’s Money Stuff program.

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
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.

Contact the Taskforce

The Australian Government has established the Financial Literacy Foundation which is building on the work of the Taskforce. Please visit the Foundation at www.understandingmoney.gov.au.