• Savings;
  • Low-income households;
  • Co-contribution;
  • Matching

A major emphasis in policy focus in recent years has been to promote greater levels of saving and financial inclusion in Australia. A number of studies have identified that low-income households and households with children have lower saving propensities. This paper explores the effectiveness of a particular matched savings program, Saver Plus, in promoting savings amongst low-income families that are typically at the margin of the financial sector. While noting the limitations of the lack of a formal control group, the results appear to suggest that the Saver Plus program, with its involvement of community groups, a financial education component, and co-contribution arrangements may have been successful in encouraging savings behaviour.