Declining financial literacy levels in Australia require immediate focus from government to ensure young Australians are taught about finance, understand basic money concepts and that these lessons are reinforced at key life stages, says Ecstra Foundation CEO Caroline Stewart.
Rapid and right-sized response is crucial in order to address the issues facing Australia during COVID-19, as the economic and emotional impact of job losses, debt, and lack of savings in many households multiplies.
We are fast becoming an ageing population. This seismic shift affects all Australians, no matter which generation label you fit into, from Boomers to Gen X, Millennials and even Gen Z and Y.
