Financial Literacy: Taking the time to learn. [The Edge Markets]

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5 September 2017 FINANCIAL LITERACY, INSIGHTS, LINKS

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The problem with millennial investors is that many of them still lack financial literacy while others tend to be overconfident when investing, says Rachel Lau, co-founder of venture capital firm RHL Ventures. These issues must be addressed so they can make more informed investment decisions.

Discover more here

 

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24 August 2017 INSIGHTS, LINKS

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The FINRA Foundation study asked participants a handful of questions about interest rates, investing, bond prices, mortgages and risk — all the basics.

However, only 37% of people answered at least four out of five questions correctly.

Take the test here

 

 

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24 August 2017 FINANCIAL LITERACY FOUNDATION GUIDE, INSIGHTS, SCHOOLS

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The Federal Reserve Bank of Richmond has released My Money – a student workbook for elementary schools, in order to provide a solid tool to teach elementary students about the basis of economics and finance.

Topics include money, coin equivalents, jobs, goods, services and barter.

Download the workbook here

 

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24 August 2017 Uncategorized

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  • Almost 1 in 4 millennials said they have hid purchases from a spouse or partner.
  • Nearly 1 in 3 millennials say they have spent money budgeted for other things on themselves.
  • Unexpected spending makes it important to have a structure in place.

What else are Millennials’ big financial mistakes..? Discover more here

 

 

 

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12 July 2017 FINANCIAL LITERACY, INSIGHTS

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G20/OECD INFE Report on Adult Financial Literacy in G20 Countries.

 

 

This report responds to a call by G20 Leaders in the 2016 Hangzhou Action Plan for the OECD/INFE to coordinate data collection on financial literacy across G20 countries and to prepare a report for their next Summit. In this respect, a progress report including available data was shared with, and welcomed by, G20 Finance Ministers and Central Bank Governors at their meeting in Baden Baden in March 2017. This final version of the report includes information about various aspects of financial literacy within the 21 participating countries, analysing the results from 101,596 survey respondents. It has been prepared by the OECD/INFE Secretariat, with input from public authorities and relevant academics in G20 countries and two guest countries, the Netherlands and Norway, in co-operation with the G20 German presidency.

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2 May 2017 FINANCIAL LITERACY, INSIGHTS, PUBLIC WELFARE & SOCIAL SECURITY, SCHOOLS

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Researching the implications of Personal Finance and its effect on the life of young adults, TIAA Institute and GFLEC now propose the presentation of their findings.

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28 April 2017 NEWSLETTER GFLEC en

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Check out the Newsletter here .

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18 April 2017 FINANCIAL LITERACY FOUNDATION GUIDE, INSIGHTS, LINKS, PUBLIC WELFARE & SOCIAL SECURITY, RISPARMIATORI

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Fewer employers offer defined-benefit pension plans. Instead they require employees to parse byzantine literature and make life-altering choices for themselves. And more options are available than ever before.

Discover more on the topic here .

 

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14 April 2017 FINANCIAL LITERACY FOUNDATION GUIDE, GENDER GAP, INSIGHTS, LINKS, PUBLIC WELFARE & SOCIAL SECURITY, RISPARMIATORI

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Financial products are becoming ever more complex and difficult to understand, particularly for those without an M.B.A. As a result, the ill-informed who must take individual responsibility for their finances can get into long-term, and potentially very damaging, problems.

Read here for some insights.

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14 April 2017 FINANCIAL LITERACY FOUNDATION GUIDE, INSIGHTS, LINKS, PUBLIC WELFARE & SOCIAL SECURITY, RISPARMIATORI

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April is Financial Literacy Month, that time of year when you’re supposed to assess how much (or how little) you know about money and finances. Walter Updegrave argues that understanding these five big-picture principles is even more crucial to reaching financial goals like having enough money for retirement.

Discover which one here .