Money Talks for Better Ageing

Ecstra Foundation granted AMCS with funding for the Money Talks for Better Ageing project, which aims to strengthen the financial wellbeing of seniors from culturally and linguistically diverse backgrounds (CALD). The program provides fair access to information and resources about financial abuse for seniors to make informed financial decisions, either by themselves or with family or carers.

In a survey, one participant said, “Financial counselling for seniors is vital and I believe this initiative covered the importance of financial counsellors when seeking financial advice.”

In partnership with Seniors Rights Victoria, Financial Counselling Victoria and local financial counsellors, the project successfully completed two co-design online workshops with over 100 CALD seniors from metropolitan Melbourne. The first co-design workshop, Money Talking Day, provided a platform to:

  • capture seniors’ stories of financial mistreatment
  • understand the way seniors need support
  • explore seniors’ level of understanding on financial risks with abuse
  • discuss challenges in accessing information and resources with like-minded people.

The second co-design workshop, Your Money-Your Safety, empowered individuals to co-create actionable solutions with financial experts.

Another participant said, “It was an interesting session. I can now educate myself on various forms of elder financial abuse.”

Through both workshops, we discovered the many challenges CALD seniors face:

  • No confidence to ask for help
  • Technology inexperience
  • Difficulty in accessing information because of language barriers
  • Lack of knowledge on multilingual resources and service providers.

Currently, we are developing media resources like YouTube videos and factsheets in 10 different languages, and organising information sharing workshops for community groups.

To express your interest in our upcoming workshops, please contact, Isurika Wijewardhena, Project Coordinator, on isurika.wijewardhena@amcservices.org.au or 0432 099 369.

Read our translated fact sheets below:

English

Arabic

Greek

Hindi

Italian

Macedonian

Mandarin

Polish

Sinhala

Serbian

Spanish

Vietnamese

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