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Research published by the Australian Securities and Investment Commission (ASIC) in June 2024 found that 5.8 million Australians struggle to make debt repayments. Cost of living pressures, reduced income and unexpected expenses were the common causes of the hardship. 

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Financial counselling services help alleviate financial hardship and improve wellbeing. While state and federal governments provide a significant amount of funding for these services it is not enough to help all people in need. 

RFCS NSW is seeking to address the funding shortfall by accepting tax deductable donations and bequests from the public. For every $150k raised a financial counsellor will be recruited and placed in a region of high demand. 

It is our vision for all Australians, in particular those in New South Wales, to have access to a financial counsellor at any time in their life.  

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