Articles on Debt

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A man browsing the shoe department in a shopping centre. Cn he really afford new shoes? Alex Buirds/Wikimedia

Why we perceive ourselves as richer than we think we are

Under some circumstances, people may feel wealthier than they actually are and this makes them psychologically more prone to increase their spending, as well as their borrowing.
Fewer government welfare recipients due to higher than expected employment growth provides a slightly stronger budget outlook for the Turnbull government as they head into 2018. Lukas Coch/AAP

Government budget update saved by higher than expected economic figures

The improvements in the government's debt position are entirely because of revisions in economic assumptions, not fantastic fiscal management.
B.C.‘s ambitious new school curriculum includes mandatory financial literacy instruction within math courses at every grade level, starting from kindergarten. (Shutterstock)

Why financial literacy should be taught in every school

Financial literacy is non-intuitive to the human brain and fundamental to survival today. We should follow British Columbia's example and make financial literacy mandatory in every grade - across the country.

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