More than 6200 families have joined the Saver Plus program over the last two and a half years to save for education costs. Almost 90 per cent of participants are women.
Developed by the Brotherhood of St Laurence and ANZ, Saver Plus is now delivered in 61 locations across Australia. The program is funded by the Federal Government and ANZ; it is delivered in partnership with the Brotherhood and community organisations including Berry Street, The Benevolent Society and The Smith Family.
Participants' savings are matched by ANZ so every dollar becomes two to be spent on education costs. Two to three years later, almost 90 per cent of past participants are still saving the same or more than they did while in the program.
Case Study from the Brotherhood of St Laurence Annual Report 2011- Through the Saver Plus program, Wendy, 45, a single parent in Sydney, learned essential saving skills.
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