this post was submitted on 27 Aug 2023
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Financial education has its limits – if we want New Zealanders to be better with money, we need to start at home (theconversation.com)
submitted 1 year ago by Dave@lemmy.nz to c/newzealand@lemmy.nz
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TL:DR Studies on financial education show it helps increase savings rates, but has virtually zero impact on whether someone will default on loans. The article suggests that financial discussions at home are important.

Really though, the article is raising discussion points and doesn't really suggest what actions we should take (that I noticed, anyway).

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[–] BalpeenHammer@lemmy.nz 1 points 1 year ago

We need to start with this place and other places online. It's astonishing how little people know about the economy and how government finances work.