Time for 'Big Super' to Bankroll Financial Literacy
The Money Puzzle
00:00
Superannuation
For those at the higher economic status, generally, financial literacy stayed relatively stable. But particularly for young people, levels of financial literacy had dropped. Super consumers Australia ran a survey for 45 to 80-year-olds about their understanding and interest in finances. The number one issue that people were concerned about is how much do you actually save for retirement? And the second thing people were worried about with over 20% was superannuation rules and procedures and caps and amounts. So I think right across the board from school level, right through to retirement, there's either confusion and disinterest in some quarters.
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