One in every five Australian adults (3.3 million people) is financially excluded, unable to access safe, affordable and appropriate financial products and services, when they need them. This increases their likelihood of experiencing financial hardship and poverty. Two million people also experience high to severe financial stress, reducing their resilience i.e. ability to recover from financial shocks. Those impacted, particularly women, also experience poorer socio-economic and health outcomes, particularly lower education, employment and income status.
For more on this story visit the following link: Financial exclusion in Australia: whose problem is it to solve?
Source: Good Shephered Microfinance