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Even in the best of times, managing your finances is hard. We’re told to make sure we are financially literate but what does that mean in practice? Here are seven signs you’ve got the basics.
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It’s important for South Africans to understand the options and risks before they dip into their retirement savings.
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It’s lonely out there.
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Banking deserts make it harder for children and young adults to become financially literate, which leads to worse credit and a lifetime of disadvantage.
Westpac’s 2017 AGM. The questions at this one will be tougher. Shareholders will wade through a financial report 154 pages long.
Westpac’s 154 page financial statement will be a challenge for shareholders attending Thursday’s annual general meeting. In the early 2000s, it was only 35 pages.
Research shows combining maths education and financial literacy concepts is a better way to teach children good financial habits and boost numeracy.
There are better ways to teach financial literacy than through school banking schemes.
The latest HILDA data found women exhibiting much lower levels of financial literacy than men.
The Household, Income and Labour Dynamics in Australia (HILDA) Survey, out today, found women exhibiting much lower levels of financial literacy than men. How do you score?
Life insurer Let’s Insure trained its staff to use customers’ fear of loss to drive sales.
We are seeing widespread financial exploitation because of cultural, economic and political factors that haven’t been addressed. Regulators should do more.
The best advice is still to keep track of your super yourself.
Despite recent reforms, the superannuation system is still beset with problems such as high fees and patchy performance. You need to pay attention if you want to make sure your nest egg’s in the best hands.
B.C.‘s ambitious new school curriculum includes mandatory financial literacy instruction within math courses at every grade level, starting from kindergarten.
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.
Teenagers don’t know as much as they should about managing money.
Around a fifth of 15-year-olds in Australia do not have basic financial literacy.
Young women in the survey showed less interest and knowledge on long-term investments.
Young women are are confident in implementing budgeting and savings strategies, but lack the knowledge and confidence required to implement long-term financial strategies, a new pilot study finds.
Australian schoolchildren are being taught financial literacy through programs often run by big banks.
The government has heavily invested in initiatives intended to help children understand finance. But should this be taught by school teachers instead who are sensitive to kid’s backgrounds?
Young people see their financial future as their responsibility, but they need to be comfortable talking about it, new research shows.
Young people actually take responsibility for their own financial decisions but they fail to learn from their parents about how to handle money, new research shows.
People are needlessly filing for bankruptcy because they don’t understand the system.
New research shows people are needlessly declaring bankruptcy because they don’t know about the help available to manage their debts.
Two million Australians don’t have the financial resilience to pay unexpected bills.
A new report finds two million Australians lack the resources to bounce back when difficult circumstances arise.
I’ve no idea.
Not enough time is set aside in the curriculum to teach young people economic literacy.
Financial literacy is not just about knowledge, so it would help if we taught it using day-to-day issues.