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Showing 71 - 80 of 463 results for "financial literacy"

Advice industry must change as population ages: Expert

CASSANDRA BALDINI  |  WEDNESDAY, 22 MAR 2023
... explained, this way of engaging and advising won't work amid the ageing population. "Most people's financial literacy is poor; they don't naturally think about financial calculations. And also what matters to them is time budgeting. What ...

Claimants tend to be younger women: Research

KARREN VERGARA  |  WEDNESDAY, 8 MAR 2023
... part of MetLife's recently published Value of life insurance report, which found that young women have lower financial literacy compared to men, putting them at risk of financial instability. Women (48%) tend to be more financially illiterate than men ...

In need of repair: Gender stereotypes and advice

KARREN VERGARA  |  TUESDAY, 7 MAR 2023
... lower literacy skills. A study by life insurer MetLife released in February found Australian women have lower financial literacy compared to men, putting them at risk of financial instability. Women (48%) tend to be more financially illiterate than men ...

Poor financial literacy worsens underinsurance problem

KARREN VERGARA  |  TUESDAY, 28 FEB 2023
Australia's poor level of financial literacy is potentially making the underinsurance problem worse and puts women further behind, according to MetLife. The life insurer looked at the impact of financial literacy on Australians' financial health ...

California to mandate personal finance studies

KARREN VERGARA  |  TUESDAY, 21 FEB 2023
... Assembly Bill 984, introduced by assembly member Kevin McCarty on February 15, would force high schools to provide financial literacy classes by the 2025-26 school year. Students in years nine to 12 inclusive can expect to study one semester of a personal ...

ACCC blitzes social media influencers

ANDREW MCKEAN  |  MONDAY, 30 JAN 2023
... the personal objectives of the investor." According to Neiron, social media can play a key role in increasing financial literacy and getting people invested in investing. However, professional advice should come from verified experts, he said.

New rules on the way for BNPL sector

JAMIE WILLIAMSON  |  TUESDAY, 22 NOV 2022
... "unsuitability test" would apply. Depending on the route taken, the government would also look to improve users' financial literacy, with greater educational content on the Moneysmart website, Money Managed website, and through Commonwealth Financial ...

UK regulator warns trading apps over gamification

JAMIE WILLIAMSON  |  TUESDAY, 22 NOV 2022
... 'at-risk' correlated with other commonly used indicators of vulnerability like low financial resilience and low financial literacy. It was also more likely among young people. "We expect all firms that offer stock trading to consumers to review and ...

The great wealth transfer at risk: Research

CHLOE WALKER  |  THURSDAY, 10 NOV 2022
... modern history," Findex co-chief executive Tony Roussos said. "However, what our research shows is the level of financial literacy and responsible money management among younger Australians calls into question whether they have the skills to ensure they ...

Scientiam, DASH launch easy fund exit service

CASSANDRA BALDINI  |  WEDNESDAY, 2 NOV 2022
... these people; they don't want to sell them or hand them to platforms," he said. Scientiam also aims to increase financial literacy, educate clients and act as an incubator for the referring adviser. Clients can access calculators and tools, track their ...