The National Australia Bank (NAB) came toegether wiht the Centre for Social Impact (CSI) at the University of New South Wales to release the largest study of its kind.
According to the Indicator, 2.65 million adults would have difficulty raising $3000 in an emergency and many lack access to basic banking services.
The Indicator shows that the factors leading to financial exclusion include:
Prof. Peter Shergold, Director of CSI, said “the NAB/CSI Financial Exclusion Indicator is… the first time Australia has been able to measure and understand the full dimensions of financial exclusion. It will guide public policy and influence corporate practice.”
Third Sector acknowledges the traditional custodians of the lands where we live, learn and work. We pay our respects to Elders past, present and emerging.