How do you feel about Australia’s financial literacy in Australia?
Financial Capability states 1 in 3 know the value of their super.
Investment Magazine states that 1 in 3 are aware their super has insurance.
MoneySmart states that half of Australia do not budget for their day to day expenses.
MoneySmart also discusses that almost half of Australia state that thinking about their long term financial wellbeing makes them uncomfortable and that almost 1 in 5 would not be able to deal with an unexpected financial expense.
There are some other alarming stats in the linked MoneySmart document.
Concerning stuff! What are your thoughts?