Money Talks for Better Ageing

About

Money Talks for Better Ageing was a project that strengthened the financial wellbeing of multicultural seniors and raised awareness of financial abuse. The objective was to help older people feel more confident talking about money, recognise the risks of financial mistreatment and better understand where to get help and information.

Timing

• Project delivery period: 2020-2021
• Context: Supporting multicultural seniors to understand financial abuse, improve financial confidence and access trusted information

Who was involved

Australian Multicultural Community Services (AMCS) worked with 100 older people from diverse cultural backgrounds through co-design workshops.
The project was delivered in partnership with Seniors Rights Victoria and Financial Counselling Victoria and local financial counsellors.

Funders

This project was proudly funded by Ecstra Foundation.

Benefits for participants and community

Participants and communities benefited from:

• Safe spaces to talk openly about money, financial concerns and lived experiences
• Increased awareness of what financial abuse can look like
• Greater confidence to recognise and respond to financial mistreatment
• Access to clear, culturally appropriate financial information
• Opportunities to learn alongside peers with similar experiences

Outcomes and impact

• 100 multicultural seniors participated in co-design workshops
• Participants shared personal stories of financial mistreatment, concerns and risks
• Barriers to accessing financial information and support were identified
• Seniors worked alongside partner organisations to co-create practical and actionable solutions
• A suite of financial wellbeing resources was developed to support confidence and informed decision-making
• Resources helped improve understanding of financial rights and where to seek help