Aotearoa / New Zealand

1656 readers

12 users here now

Kia ora and welcome to !newzealand, a place to share and discuss anything about Aotearoa in general

For politics , please use !politics@lemmy.nz
Shitposts, circlejerks, memes, and non-NZ topics belong in !offtopic@lemmy.nz
If you need help using Lemmy.nz, go to !support@lemmy.nz
NZ regional and special interest communities

Rules:

Don't be a dick

FAQ ~ NZ Community List ~ Join Matrix chatroom

Banner image by Bernard Spragg

Got an idea for next month's banner?

founded 1 year ago

MODERATORS

Dave

RaoulDuke

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

15 comments fedilink hide all child comments

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).

you are viewing a single comment's thread
view the rest of the comments

[–] liv 2 points 1 year ago

Interesting question.

I guess the other variable is whether financial education about debt is simply not as comprehensive as education about savings and investment. Which might be a factor insofar as middle class knowledge needs around debt may not be as onerous (for example, needing to know how to structure a mortgage, vs needing to know how to convert a monthly predatory lending fee into a p/a percentage).