Measuring Financial Exclusion in Australia
The objective of the research focused on improving our understanding of financial exclusion and its interaction with social and economic disadvantage in Australia.
The reports highlight the substantial and growing proportion of the Australian population who remain excluded from financial services and a comprehensive profile of the demographic characteristics of these Australians, highlighting factors such as age, income, country of birth and location.
Overall, the efforts to address financial exclusion in Australia appear to be dwarfed by the scale of the problem. Alternative and innovate approaches to microfinance products, distribution and support services need to be investigated to meet the growing levels of financial exclusion in a way that is sustainable.