The references outlined in this section provide an overview of the research that underpins the MakingCents program. The research highlights the reasons that financial literacy is so important, identifies aspects of financial competence, examines the implications of poor consumer awareness and identifies the success factors for financial education programs.

1. Roy Morgan Research (comp.), ANZ Survey of Adult Financial Literacy in Australia: Final Report, Melbourne, ANZ Banking Group, 2003.

2. Loumidis, Julia & Middleton, Sue, A cycle of disadvantage?: Financial exclusion in childhood: Implications for consumer education of research, the Centre for Research in Social Policy, Loughborough University, Consumer Research paper 4, Financial Services Authority, November 2000.

3. Department for Education and Employment, Financial Capability through Personal Financial Education: Guidance for Schools at Key Stages 1 & 2, Nottingham, 2000.

4. Jarvis, Lindsey, Personal finance teaching in schools: Implications for consumer education of research carried out by the National Centre for Social Research, Consumer Research paper 11, Financial Services Authority, January 2002

5. Scottish Consultative Council on the Curriculum (SCCC), Financial Education in Scottish Schools: A Statement of Position, 1999, p. 7, downloaded from Learning and Teaching Scotland, 20 May 2003