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To ensure Saver Plus is achieving its core objective of helping participants develop a savings habit, ANZ and our community partners have commissioned RMIT University to evaluate the program.
The following reports have been produced:
This report provides results from the third follow-up survey of past Saver Plus participants, and measures the impact of the program on their continued savings behaviour.
- 70 per cent of participants continue to save the same amount or more 24-36 months after completing Saver Plus.
- 28% of the past participants reported a decrease in overall debt over the past 12 months
- Longer term benefits of Saver Plus had been experienced in the following ways:
- More control over finances.
- Reduced stress and worry.
- Children benefited from increased participation in school and extra curricular activities.
- Increased levels of confidence.
- Passed on better financial management skills to children.
Download the study (PDF, 436kb)
This report shows the results of participants from April 2006 - December 2007. This is the first report that includes all 19 Saver Plus sites in the evaluation.
Some highlights include:
- 99.1% of participants reported a positive experience in the program.
- 96.5% of participants who had completed the program met (56.9%) or exceeded their savings goal (39.6%).
- Approximately half the participants saved more than their monthly goal and 28% saved an amount equal to their goal during the program.
- Participants reported an increase in knowledge of fees and charges relating to financial products. The most change in knowledge level was around loans, followed closely by debit cards and Internet banking.
Download the study (PDF, 0.99mb)
This report provides results from the second follow-up survey of past Saver Plus participants, and measures the impact of the program on their continued savings behaviour. Encouragingly, 75 per cent of participants continue to save the same amount or more 12-24 months after completing Saver Plus.
Download the study (PDF, 416kb)
Highlights from the 2005 report, which summarised the results of the 2005 savings cycle, include:
- 86% of participants maintained or increased their savings three months after completing the 12-month program.
- 95% of participants met or surpassed their savings goals during the program.
- The average amount saved by participants during the 12-month program was $1,214.
Most participants reported a more positive outlook on life and greater levels of self-esteem.
RMIT University undertook a follow-up study of participants involved in Saver Plus in 2004. 12 months after they completed the program, 71 per cent of participants continue to save the same amount or have increased their savings level. This report details the ongoing savings behaviours of participants, as well as the ongoing benefits for their families.
The RMIT university evaluation demonstrates that Saver Plus has achieved high levels of success in assisting participants to achieve a savings goal and to improve their money management skills and attitudes towards savings. The families also continued to report a number of unexpected benefits including increased self-esteem, strengthened family unity and support networks, and improved financial knowledge and confidence.
In February 2005, RMIT released its second interim research report, which demonstrates the value participants gain from the Saver Plus education program.
In August 2004, RMIT released its first interim research report, which detailed the demographics of Saver Plus participants.
RMIT presented the interim findings of the Saver Plus pilot evaluation reports at the Transitions and Risk - New Directions in Social Policy conference in Melbourne on 24 February 2005.
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