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Councillor Angela Vithoulkas Question on Notice

FINANCIAL LITERACY SKILLS (S103147)

Question

As the cost of living continues to increase and affordable housing becomes rare within the City, many local residents and business owners find managing cash flow, understanding the different types of savings, the cost of credit cards and budgeting to be difficult.

Does the City run or support any programs, with cash or value-in-kind, that assist with the development of financial literacy skills for youth and adults?

Answer by the Lord Mayor

The City runs and supports a range of programs and services that assist with the development of financial literacy skills of community members. This includes:

  • A free will service for those in social housing, on a pension or low income, offered at the Harry Jensen Centre in Millers Point and a recent presentation on preparation of wills and estates at the Cliff Noble Community Centre, Alexandria.
  • Hire of venues at reduced rates for some community-run programs, including Debtor Anonymous groups and an Underearners Anonymous group.
  • Two of the City’s Accommodation Grants tenants offer financial awareness programs, including Catholic Care who offer casework for young people, and Beehive Industries who are developing a financial awareness program for older people in conjunction with ANZ and ComBank.
  • A Community Services Grant provided to Redfern Legal Centre to deliver a Money Problems and Consumer Complaints service and develop a Legal Toolkit for Community Workers to assist with unpaid fines, debts and utility bills, rental and housing problems.

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