Video: Money makes the world go around
Money makes the world go around
Scott Pape, the Barefoot Investor, highlights why there is a
need to teach consumer and financial literacy in schools. Featuring
key social trends and compelling statistics, this powerful digital
animation illustrates the demands of a modern world on young people
when money is invisible.
Captions: It's a universal language we all need
to speak to survive
But how do kids learn about money?
Home, Friends, School, TV or Social Media.
In a world full of credit cards and internet banking, money has
Think about what impact this has on financial literacy.
54% of Australians between 15 and 74 years old have numeracy
skills below or at level 2, where level 1 is the lowest and level 5
36% of young people with credit cards don't usually pay the full
balance every month.
The average amount owed is $2,477.
28% of 14 - 17 year olds have bought or sold goods online.
94% of 16 - 17 year olds own a mobile phone.
Making the checkout just a tap or sms away.
From an early age kids plan for money, spend money, save money,
donate money, lend money, borrow money, invest money.
Money can bring freedom, Money can bring choice, Money can bring
opportunity, Money can bring confidence.
It can also destroy lives.
What kids learn about money today will change their
Right now we have the opportunity to shape the financial futures
of the next generation.
Last updated: 12 Oct 2016