FNF launches indigenous financial literacy program

12 November 2019
| By Chris Dastoor |
image
image
expand image

First Nations Foundation (FNF) has launched a digital financial literacy education program to help First Nations people develop financial knowledge.

My Money Dream had been developed by indigenous people from 10 years of face-to-face delivery by the foundation working with the community to create a validated training program.

The program was developed with support from Indigenous Business Australia and Australian Unity, to help First Nations people aged 16-60 understand financial concepts in a way inquire to indigenous people.

It covered money and culture, budgeting, banking, superannuation, insurance, loans and credit, buying a home, buying a car and financial first aid.

Amanda Young, FNF chief executive, said they discovered from their research that nine in 10 indigenous people no financial security.

“This cannot be transcended without financial literacy, and we are enlisting the help of government and industry to help reach and build a financially-savvy Indigenous population,” Young said.

“We are asking financial services who want to connect with their Indigenous members to buy My Money Dream and offer it, as a powerful way to build skills and trust.”

“We ask governments to help prepare our Indigenous workers of the future with money skills, for people on cashless welfare cards to skill up and exit that system and for employers to attract and retain their Indigenous staff with this professional development tool."

Read more about:

AUTHOR

COMMENTS

Recommended for you

subscribe

Stay up to date with Australia’s top news and information source for the wealth management industry

MARKET INSIGHTS

sub-bg sidebar subscription

Never miss the latest news and developments in wealth management industry

Remus_au

Absolutely agree with you on this Les. That's how I see it too. The client facing "new" SOA document might shrink down a...

2 days 18 hours ago
Stephen Eedy

Most advisers are now degree-qualified with many years of actual practical industry experience, and are fully-qualified ...

2 days 18 hours ago
Dominic Widlake

This is all so ridiculous. I have 33 years experience, and have studied hard over the last 4 years to obtain the gov...

2 days 18 hours ago

AustralianSuper and Australian Retirement Trust have posted the financial results for the 2022–23 financial year for their combined 5.3 million members....

5 months ago

A $34 billion fund has come out on top with a 13.3 per cent return in the last 12 months, beating out mega funds like Australian Retirement Trust and Aware Super. ...

4 months 3 weeks ago

The verdict in the class action case against AMP Financial Planning has been delivered in the Federal Court by Justice Moshinsky....

5 months ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND