Evidence suggests that black South Africans can and do save money -- just not for retirement.
Learning about real-life money decisions from a young age helps kids learn maths and improves their financial literacy.
The federal government is trying to make Australians more financially literate, but it's using a definition that ignores many political, economic and cultural factors.
Good financial decision making is about more than avoiding debt or having a budget, it's about critically analysing your options.
It's not just individuals who pay for low financial literacy. It also increases financial risks and holds back the economy.