In recent years, a number of national studies have consistently shown Australians’ financial literacy is generally poor. The Australian Securities and Investments Commission’s (ASIC) 2017 Financial Capability Survey reveals only 35 per cent of all Australians know the exact value of their superannuation. Deloitte Access Economics’ 2018 Financial Consciousness Index found nearly one-third of the population is “financially vulnerable” – concerned by a lack of job security and the ability to retire comfortably at the age of 65.

1. Financial
Freedom
The Road to
F O R T H E A V E R A G E A U S T R A L I A N C O U P L E

2. Have you ever
wondered why
the rich
get richer and
the poor
get poorer?

3. Financial
Illiteracy
The answer is
!

4. The gap between the middle
class and the "1%’ers" is
now bigger than ever and it
is quite alarming.
Fast Facts
1%Middle
Class

5. 78%
of low-income suburban families
are unable to put away money
for retirement, private healthcare
or even a basic emergency fund.

6. The Quick Numbers
50%
of Australians struggle
with financial literacy,
according to Household,
Income and Labour
Dynamics in Australia
(HILDA) survey
50%
of men scored a perfect
score of 5 from 5
questions asked
35%
of women scored a
perfect 5 from 5 in the
same survey

7. Feel like taking the
quiz?
Get ready here it comes...
!

8. Suppose you put A$100 into a no-fee
savings account, with a guaranteed
interest rate of 2 per cent per year. You
don’t make any further payments into this
account and you don’t withdraw any
money. How much would be in the
account at the end of the first year, once
the interest payment is made?
Question 1.

9. Imagine now that the interest rate on
your savings account was 1 per cent per
year and inflation was 2 per cent per
year. After one year, would you be able
to buy more than today, exactly the same
as today, or less than today with the
money in this account?
Question 2.

10. Do you think that the following statement
is true or false? “Buying shares in a single
company usually provides a safer return
than buying shares in a number of
different companies.”
Question 3.

11. Again, please tell me whether you think
the following statement is true or false:
“An investment with a high return is likely
to be high risk.”
Question 4.

12. Suppose that by the year 2020 your
income has doubled, but the prices of all
of the things you buy have also doubled.
In 2020, will you be able to buy more
than today, exactly the same as today, or
less than today with your income?
Question 5.

13. Thank You
F O R Y O U R T I M E
C O N T A C T M Y T E A M O N
R E S U L T S @ I N S P I R E D M O N E Y . C O M . A U
F O R T H E A N S W E R S