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Defined Terms and Documents
Financially Educated or Financially Literate means Australians that have passed the Higher School
Certificate and/or received effective mentoring from their parents, or other relatives/friends, as to the
abhorrent pitfalls of
Usurious Unsecured Personal Loan Interest Rates.
Numeracy And Literacy Range Of Australians
explains that only slightly over half the Australian population
possessing the minimum required numeracy and
Financial Literacy skills at level 3
"...to meet the complex demands of everyday life and work in the emerging
knowledge-based economy".
Financially Educated Australians are ranked level 3, level 4 or level 5 in the -
* Productivity
Commission's Staff Working Paper
Links Between Literacy and Numeracy
Skills and Labour Market Outcomes dated Aug
2010;
*
Australian Bureau of Statistics'
Adult Literacy and Lifeskills Survey
(ALLS) - 2006; and
* Australian Bureau of Statistics'
Survey of Aspects of Literacy
(SAL) -
1996.
See:
Australian Governments
allocate $43.38 million annually to 44 Australian charities to provide
financial counselling to Australians that are experiencing
Extreme Financial And Emotional Distress
SMH
Middle class hit by debt - Huge
mortgage repayments and credit cards bills are taking their toll
snapshots the problem that non-conflicted ‘Not-For-Profits’ (Salvation
Army's Moneycare service
Centacare,
Anglicare,
Lifeline,
Wesley
Mission's Credit Line,
Smith Family,
St Vincent de
Paul's Budget and Financial Counselling Service,
Centacare
‘et al’) deal with the damage when families become hopelessly credit
cards indebted.
The Wesley Report: Facing Financial Stress
- April 2015
and SMH article "The
creeping danger of Australian households' love affair with credit".
"When
debt is easy to bank up"
AUSTRALIANS owe almost $50 billion on credit cards as spiralling living
costs force them to put everyday expenses and even mortgage repayments on
plastic.
5 ways credit card debt can be hazardous to your health.
Mental illness and Debt - The Good Shepard
Financial Literacy or
Financial Literacy Skills
Financial Literacy
Demographic Quintiles
Financial Literacy
and Credit Cards: A Multi Campus Survey
Financially Uneducated And Vulnerable Australians
Financial Stress
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