Figure 1.
Figure 2.
Figure 3.
Figure 4.
Financial literacy training
| Financial literacy training | ||
|---|---|---|
| Yes | Yes | |
| Female1 | ||
| • Count | 49** | 202 |
| • % (n=251) | 20% | 80% |
| Male | ||
| • Count | 27 | 16 |
| • % (n=43) | 63% | 37% |
Socio-economic information of survey respondents
| Variable | Category | Frequency | Percent (%) |
|---|---|---|---|
| Gender | |||
| Male | 43 | 14 | |
| Female | 256 | 83.1 | |
| Nonbinary | 7 | 2.3 | |
| Prefer not to say | 2 | 0.6 | |
| Identity | |||
| Aboriginal | 27 | 8.8 | |
| Torres Strait Islander | 3 | 0.97 | |
| Aboriginal and Torres Strait Islander | 4 | 1.3 | |
| Neither Aboriginal nor Torres Strait Islander | 256 | 83.1 | |
| Prefer not to say | 18 | 5.8 | |
| Employment condition | |||
| Full-time | 103 | 33.4 | |
| Part-time | 92 | 29.9 | |
| Casual | 36 | 11.7 | |
| Not currently employed | 70 | 22.7 | |
| Prefer not to say | 6 | 1.9 | |
| Studying status | |||
| Full-time student | 78 | 25.3 | |
| Part-time student | 71 | 23.1 | |
| Not studying | 156 | 50.6 | |
| Prefer not to say | 3 | 0.97 | |
| Housing | |||
| Living at home with parent | 124 | 40.3 | |
| Renting | 133 | 43.2 | |
| Own home with mortgage | 38 | 12.3 | |
| Other | 8 | 2.6 | |
| Prefer not to say | 5 | 1.6 | |
| Location | |||
| ACT | 6 | 1.9 | |
| NSW | 86 | 28.0 | |
| NT | 2 | 0.64 | |
| QLD | 61 | 19.8 | |
| SA | 34 | 11.0 | |
| TAS | 6 | 1.95 | |
| VIC | 81 | 26.3 | |
| WA | 31 | 10.1 |
j_fprj-2023-0002_tab_004
| Do you think about your long-term financial security? | ||
|---|---|---|
| Yes | Yes | |
| Female | ||
| • Count | 116 | 21 |
| • % (n=137) | 85% | 15% |
| Male | ||
| • Count | 31 | 2 |
| • % (n=33) | 94% | 6% |
j_fprj-2023-0002_tab_003
| Amount of BNPL debt ($) | ||
|---|---|---|
| Mean | Median | |
| Female | $376*** | $150 |
| Male | $192 | $110 |
Attraction of using BNPL
| Attraction of BNPL | |||||||
|---|---|---|---|---|---|---|---|
| Used to spread payments | No interest payments | Way to manage money | Widely accepted | Easier than saving | |||
| Agreed with statement | Female | count | 184 | 85* | 113 | 66 | 71* |
| Male | Count | 28 | 8 | 13 | 12 | 6 | |
Themes of Long-term Financial Security
| Themes | % of responses (n=112) |
|---|---|
| Wealth, financial security, and a comfortable future | 39% |
| For emergencies and for family | 21% |
| For buying properties (either for living or investment) | 19% |
| Saving, paying debts and other | 13% |
| Stress and worried of debt | 8% |