Essential Report

Are we a nation of financial dunces?

Jul 3, 2012

Ian Silk shares some frightening statistics about our lack of literacy when it comes to super and investing.

At a time when people are being asked to make more financial decisions than ever before, study after study shows the vast majority are overwhelmed by increasingly complex transactions.. It’s a startling fact for a country with the greatest number of shareholders in the world.

When it comes to super, as many as 43% of people rate themselves as having “none” (8%) or “only minimal” (35%) levels of knowledge about superannuation. CEO of AustralianSuper Ian Silk explains why one solution to start financial education at school level and embed the basic concepts could be the answer.


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