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.
Read Essential's ongoing research on the public response to Covid-19.
In this week's report:
- Performance of Scott Morrison
- Performance of Anthony Albanese
- Preferred Prime Minister
- Views towards re-electing the federal Coalition government
- Party trust to handle issues
- Importance of Australia’s international reputation
- Scott Morrison’s impact on Australia’s international reputation
- Views towards Australia’s international reputation