High Returns for Low Income Victorian Savers
Source: Victoria. Minister for Community Development. Media Release
"A Brumby Government-backed program to equip low-income families with the financial skills to balance their budgets and save for the future is showing healthy community returns, according to new published research. Community Development Minister Peter Batchelor said the scheme was helping participants boost their savings and improve their money management.“Saver Plus teaches families about practical ways to plan their household budget. It also financially rewards families who save towards education costs, by offering dollar for dollar matching up to $1000,” Mr Batchelor said.“The Brumby Government has contributed $1.35 million to the Saver Plus partnership between the Brotherhood of St Laurence (BSL) and the ANZ Bank."