Goal 3: Financial Literacy and Savings, He Kai Kei Aku Ringa, provides a snapshot of financial literacy services for Māori. The report aims to enable financial literacy service providers and educators to draw conclusions about how their services can best meet the needs of Māori. The term ‘financial literacy’ refers to the ability to make sound financial decisions. It allows whānau to make the most of their income and resources in order to achieve their aspirations.
This report aims to:
• provide a ‘snapshot’ of services that aim to impart positive financial knowledge and behaviours to Māori whānau
• outline our understanding of the current levels of financial literacy among Māori whānau, and their needs and interests in financial literacy services;
• identify any gaps between the supply of services and the needs of Māori whānau; and
• recommend possible courses of action to ensure financial literacy services meet the needs of Māori.
We intend for this to enable financial literacy service providers and educators to draw conclusions about how their services can best meet the needs of Māori. We alsohope this report will be useful for the Mäā Economic Development Advisory Board, government agencies, and organisations such as the Commission for Financial Literacy and Retirement Income (the Commission) as they develop policy and provide services to whānau.