June 12, 2018

Indigenous Financial Resilience survey goes online

First Nations Foundation (FNF) and the Centre for Social Impact at UNSW Sydney (CSI) today announce their Indigenous Financial Resilience survey has gone online. This survey will collect data for ground-breaking research into the financial health of Indigenous Australians.

CSI developed the Financial Resilience survey tool in 2015 for mainstream audiences and has produced a report every year. The partnership with FNF brings in expertise on the cultural and relational context money plays for Indigenous people. This project builds on CSI’s ongoing research project with NAB: Financial Resilience in Australia. It is the first step in understanding what contributes to Indigenous financial wellbeing and resilience.

The team has adapted the survey to best capture the financial experiences of Indigenous Australians in different contexts and circumstances. Data collected by the online survey will be complemented by surveys and interviews in two remote Aboriginal communities in Northern Australia. A report is due later in 2018.

All Aboriginal and Torres Strait Islander people are encouraged to participate by following the link below. Participants will go into a draw to win one of ten $100 vouchers. The survey takes 20 minutes and is available until 29 June 2018.

Amanda Young, CEO for the First Nations Foundation says, “In 2018 we don’t know how Aboriginal and Torres Strait Islander people are doing financially - that has to change. This research by FNF and CSI will be the start of that change. I encourage all Aboriginal and Torres Strait Islander people to click on the survey link and share 20 minutes of your time so we can help understand and improve your relationship with money.”

Professor Kristy Muir, CEO of the Centre for Social Impact, said that she was excited to see the evolution of the Financial Resilience survey tool to be more inclusion of Indigenous Australians and understanding the barriers and enablers experienced by them in relation to financial resilience. “After studying financial inclusion in Australia for nearly five years, we knew that people’s relationship with money, how they manage it and how they bounced back from financial shocks is more than about access to financial products and services.”

She continued: “It’s about understanding a person’s context, understanding what resources are available and accessible to them and how much these resources are appropriate and helpful. We’ve learnt that a person’s financial resources, their financial capacity, social capital and financial inclusion all matter. While we’re into our third year of measuring Financial Resilience in Australia in partnership with NAB, what we’ve failed to do so far is to understand the Financial Resilience of Indigenous Australians. We have struggled to get an adequate sample with the existing survey and have recognised the need to adapt the existing tool to be culturally appropriate. I’m really excited that we’ve partnered with FNF to adapt the current tool.”

To complete the survey, Click Here.


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