MoneyMinded helps 725,000 people improve overall financial wellbeing
ANZ’s award winning financial education program MoneyMinded has enabled more than 725,000 participants across Australia, New Zealand, Asia and the Pacific to build knowledge, confidence and skills to make informed decisions and manage money.
The 2020 MoneyMinded Impact Report, released today, shows 58,015 participants were estimated to have completed MoneyMinded in 2019 – 2020, this includes 3,100 MoneyMinded Online participants, an increase of nearly 2,000 in the previous year.
The report found online financial education delivered comparable outcomes to physical workshops. According to RMIT University, 4 in 5 (81%) MoneyMinded Online participants reported the program had a positive impact on their financial wellbeing.
ANZ Chief Executive Officer Shayne Elliott said: “We know that many in our community will be facing such hardship for the first time in their life and will not necessarily have the skills to get through this in the best possible shape. At the same time, COVID-19 has significantly impacted the delivery of MoneyMinded, where historically we have relied on face to face engagement.”
“While it’s encouraging to see that participants who accessed the program online experienced similar positive outcomes as those who traditionally accessed the face-to-face program, we need to work closely with our community partners and facilitators to determine how we can adapt our programs post COVID-19 without unintentionally excluding those who cannot easily access online modules. This is integral to our purpose of shaping a world where people and communities thrive.”
MoneyMinded Online Outcomes (MMO)
Download a full copy of the report here.
For more information on the program visit www.anz.com/moneyminded.