According to the 2016 Household, Income and Labour Dynamics in Australia (HILDA) Survey, 45% of Australian adults are financially illiterate. There are significant gender gaps with women, on average, being less financially literate than men.

Preston, A 2020, Financial Literacy in Australia: Insights from HILDA Data, UWA Public Policy Institute, The University of Western Australia, March 2020, viewed 7 January 2023, <>