Achieving better community outcomes together
We strive to create social change and support the communities where you live and work.
One of their most sought-after services is their free financial counselling, but the demand is so high that waiting times are lengthy and many get turned away from the service.
Our program funded the employment of additional financial counsellors, enabling more members of these communities to receive the necessary information, support and education when they’re experiencing financial difficulty. Our objective is to ease waiting times and reduce the number of people turned away.
We’re thrilled that since the beginning of the partnership to 30 April 2020 our partner Financial Counsellors have seen 164 clients.
According to the recently released ‘Poverty in Australia 2020 Part 1: Overview’, 3.24 million Australians are estimated to be living below the poverty line.1
The report outlines trends in overall poverty levels from 1999 – 2017 and brings to light the main drivers of poverty. These include decreasing levels of disposable income, social security payment rates well below the standard of living, and the worrying trend of rapidly rising housing costs.
This is why our partnership with South East Community Links and Uniting Vic.Tas is so important. Both these community agencies possess a deep understanding and broad experience within their local areas, offering valuable services to people in financial stress and hardship.
With so many people experiencing poverty in Australia, it’s important that services such as free financial counselling are made available to the community, to lend a helping hand where it’s needed the most. We’re proud to have partnered with experienced agencies who help people in financial stress and hardship to help them achieve better outcomes.
For more information on how to access financial counselling generally please refer to the Australian Securities & Investments Commission's MoneySmart website.
1 Poverty in Australia 2020: Part 1 Overview is published by the Australian Council of Social Service in partnership with UNSW Sydney