Safeguarding the financial well-being of Australians by improving financial literacy: Implications for consumer protection laws

该项目将有助于更广泛地了解金融知识在澳大利亚的作用及其与澳大利亚金融服务和消费者保护法的关系。有金融知识的消费者有助于创新金融产品的吸收和开发。这对于促进创新文化和经济至关重要。更高水平的金融知识也使消费者能够更好地为自己和家人的财务福祉做出规划。这对国家也有好处，因为这意味着消费者更好地准备应对失业、疾病、残疾或死亡的不利经济后果，从而减少对澳大利亚社会福利安全网的压力和要求。

The project will contribute to a broader understanding of the role of financial literacy in Australia and its relationship with Australia's financial services and consumer protection laws. Having financially literate consumers facilitates the uptake and development of innovative financial products. This is essential for promoting an innovation culture and economy. Higher levels of financial literacy also enable consumers to plan better for their and their families' financial well-being. This also has national benefit as it means that consumers are better prepared to deal with the adverse financial consequences of job-loss, illness, disablement or death, thus reducing the stresses and demands on Australia's social welfare safety net.