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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.
Evaluations completed to date relate to the two phases of the Saver Plus pilot and include the following reports:
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. Participants reported that the educational item saved for and purchased has had a highly positive impact on their child’s school experience, resulting in improved academic performance, reduced stress and worry, increased participation in school activities such as music and sport and increased levels of self-esteem and confidence.
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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