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The financial economy and Indigenous young people in Australia
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 The financial economy and Indigenous young people in Australia (report)
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Financial literacy is about understanding financial terms and concepts, and being able to use them to make sound financial decisions.
Lower levels of financial literacy are found amongst disadvantaged groups, resulting in financial exclusion, which can lead to poorer outcomes.
Particularly in Australia, the financial literacy levels of young people are low which means they experience higher rates of financial exclusion than the national average. In 2013, 36.7% of young people were severely or fully financially excluded.
In 2011, 63% of Australia’s Indigenous community was under 30 years old, compared with 39% of non-Indigenous people.
Yet little is known about Indigenous young Australians and the financial economy. This report, funded by the First Nations Foundation, aims to better understand how Indigenous young people navigate the financial economy.
