RR Phantom
Location : Wasted Space Job/hobbies : Cayman Islands Actuary
| Subject: OZschwitz: Young disconnected from finances Mon Nov 02, 2015 4:18 am | |
| Twenty-three-year-old Daniel Wroby admits he had never heard the term "financial literacy" before doing a commerce degree at Melbourne University.
In his final year, Wroby attended a pilot course called Street Finance, designed to help students gain a better understanding of everyday money issues.
"It might sound odd, but I had not come across the term 'financial literacy' before the course," Wroby says. "If young people were introduced to the concept of what this means, like savings, how banks operate, even just the basic money management, when they were younger, it could only improve their welfare."
Wroby is more fortunate than many of his peers. A recent ANZ study suggests 18-24-year-olds are more disconnected than ever from money issues – and often wind up learning financial lessons the hard way.
Read more: http://www.smh.com.au/money/planning/young-aussies-disconnected-from-finances-20151029-gklu6o.html#ixzz3qK9kbpZ6 |
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