National data supports the global perspective that financial literacy is an important determinant of, and correlates with, a range of outcomes including wealth accumulation, planning for retirement, superannuation savings, women’s economic empowerment and domestic violence.

Lusardi, A, Oggero, N 2017, Millennials and Financial Literacy: A Global Perspective, GFLEC (Global Financial Literacy Education Center), viewed 7 January 2023, <https://gflec.org/wp-content/uploads/2017/07/Millennials-and-Financial-Literacy-Research-Paper.pdf>