- more than half of students hold a bank account, but almost two thirds do not have the skills to manage it and cannot interpret a bank statement.
- around one in four are unable to make simple decisions on everyday spending.
- Only one in ten understands income tax.
“Young people today face more challenging financial choices and more uncertain economic and job prospects given rapid socioeconomic transformation, digitalisation and technological change; however, they often lack the education, training and tools to make informed decisions on matters affecting their financial well-being,”
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