Everyone getting ahead financially
The vision of the National Strategy for Financial Capability is everyone getting ahead financially. It has five work streams: to get New Zealanders to talk and learn about money, to plan for the future, to be debt-smart and to save/invest. The Government’s 2015 Statement on Financial Capability shows how the National Strategy aligns with other government actions.
CFFC is proud to lead the National Strategy, and we value our role in helping create a supportive environment among the financial capability sector. Our partners number more than 150 organisations across government, the community and in the private sector to pool our collective knowledge and abilities, so that together we can help raise the financial capability of more New Zealanders than we would do alone. Each year, we do a snapshot survey to track the collective efforts across all our partners, and we’ve got some examples of the National Strategy in Action too.
A cultural shift where it’s easy to talk about money
- Money becomes a comfortable topic of conversation.
- People can talk with their partner, family and friends about money.
- People confidently talk with providers, ask questions and understand the choices before them.
Effective financial learning throughout life
- All learners achieve financial capability outcomes as part of their educational pathway.
- Financial capability is part of lifelong learning for everyone.
Everyone has a current financial plan and is prepared for the unexpected
- People make financial plans to support life goals.
- All New Zealanders have a current financial plan.
- People protect their assets with insurance and emergency funds.
People make smart use of debt
- People manage debt to their advantage.
- People get out of high-interest debt faster.
Everyone saving and investing
- More people save and invest in the short, medium and long term.
- More people actively engage and contribute to KiwiSaver.
- More people save and invest in a range of financial assets.