The complexity of the financial environment has changed markedly in the past couple of decades for young Kiwis. They need a whole new set of skills when they leave school so that they understand and appreciate realities like income and expenditure, compounding interest, credit ratings and mortgage repayments.
Saving from a young age is a great start especially if it develops into a long lasting savings pattern. Adding the opportunity to learn about money matters at school will help make considerable progress towards creating a financially literate population with a greater understanding about the need for a more secure financial future.
