White Box Enterprises is determined to strengthen the jobs-focused social enterprise movement in Australia, announcing today its plans to co-design a new financial wellbeing program in collaboration with selected social enterprises to enhance the vital wrap-around supports these businesses provide.
The three-year program, made possible through the support of Ecstra Foundation (Ecstra), aims to equip social enterprises with the necessary tools and knowledge to help their employees improve their financial literacy and wellbeing, ultimately leading to improved financial decision making and independence.
A vast number of research studies undertaken by public, private and social sectors demonstrate that improving financial literacy and resilience with people experiencing disadvantage can reduce financial stress and inequality, and improve health and relationships.
“We know that if someone is equipped with the knowledge, tools and confidence to manage their money, this can lead to more positive outcomes in other areas of their life.” said Kelly Taylor, National Programs Manager, White Box Enterprises.
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