Healthy ageing

Below is a selection of the projects and programs funded in the area of health and ageing.

Some of these grants were made by Financial Literacy Australia (FLA). The business and activities of FLA were transferred to Ecstra in December 2018.


Macquarie University

Do older Australians make optimal payment decisions when entering residential aged care?

The Macquarie University’s Centre for the Health Economy (MUCHE) team led by Dr Henry Cutler will investigate whether people make optimal accommodation payment decisions when entering residential care, factors impacting those decisions, and potential opportunities to improve payment decisions.

Project stage: Research
Grant duration: 1 year
Grant commenced: 2019


Macquarie University

The nexus between Retirement Villages and Aged Care

Following on from the retirement villages calculator project, Dr Kyng’s team will investigate the financial risks for residents when relocating from a retirement village to other accommodation, particularly aged care, and produce educational financial literacy resources for consumers.

Project stage: Research
Grant duration: 1 year
Grant commenced: 2019


Australian Shareholders’ Association (ASA)

Older women: Own your financial future

Own your financial future includes facilitation of workshops for women over 50, with 4 pilot sessions held in Victoria in 2018 and a national rollout in 2019.

Project stage: Pilot
Grant duration: 2 years
Grant commenced: 2018


University of South Australia

The financial capability of older people

The team led by Dr Braam Lowies conducted research through 62 individual consumer interviews on the financial capability of older people, with a focus on home care packages and choosing financial products. Read their report here.

Project stage: Research
Grant duration: 1 year
Grant commenced: 2018
Grant status: Concluded


Macquarie University

Retirement villages online pricing comparison tool

The project team led by Dr Timothy Kyng to develop an online calculator developed by Dr Timothy Kyng and team to help retirees and their advisers compare the cost of retirement village accommodation contracts.

Project stage: Resource development
Grant duration: 2 years
Grant commenced: 2016
Grant status: Wrapping up