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 to c/newzealand
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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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[–] Ilovethebomb 2 points 1 year ago (1 children)

I'm not sure what you just said is really related to the story we're discussing.

[–] Mojojojo1993@lemmy.world 0 points 1 year ago

Don't put the blame on people. Plenty the govt can do. Yes better finance education is useful but we also need to hold private forms accountable.

Predatory companies need to be sanctioned and that will likely be more helpful that teaching better money management