HSBC launches ‘Money Savvy’
(6 April 2010 – Australia) HSBC Bank Australia has announced a new community partnership with YWCA NSW to establish a financial literacy program for high school students in New South Wales, South Australia and Queensland.
In 2010, the program is estimated to reach around 2,000 Australian high school students.
HSBC will fund YWCA NSW’s Money Savvy program, an initiative designed to teach high school students aged 14 to 17 about money management and to equip them with the skills and tools to help make informed decisions about their spending choices.
Paulo Maia, chief executive officer for HSBC in Australia, said that the ability to make wise financial choices is one of the most useful skills adults can impart to the next generation. Young adults need to understand how the financial decisions they make today will affect them over the long term.
The Money Savvy program will provide high school students from disadvantaged backgrounds with critical financial literacy skills via interactive workshops that offer practical advice on topics such as how to manage debt, the benefits of saving and superannuation, Mr Maia said.
HSBC’s Australian employees will be an integral part of the program with up to 170 volunteering to run the financial literacy workshops, harnessing the skills of the organisation to directly benefit the community, Mr Maia added.
HSBC will fund YWCA NSW’s Money Savvy program, an initiative designed to teach high school students aged 14 to 17 about money management and to equip them with the skills and tools to help make informed decisions about their spending choices.
Paulo Maia, chief executive officer for HSBC in Australia, said that the ability to make wise financial choices is one of the most useful skills adults can impart to the next generation. Young adults need to understand how the financial decisions they make today will affect them over the long term.
The Money Savvy program will provide high school students from disadvantaged backgrounds with critical financial literacy skills via interactive workshops that offer practical advice on topics such as how to manage debt, the benefits of saving and superannuation, Mr Maia said.
HSBC’s Australian employees will be an integral part of the program with up to 170 volunteering to run the financial literacy workshops, harnessing the skills of the organisation to directly benefit the community, Mr Maia added.
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