Financial Literacy is defined as: the ability to make informed judgments and to make effective decisions regarding the use and management of money.
Due to today's world of increasingly complex financial decisions, financial literacy may be considered a vital skill for all consumers. However, it was found in a national survey of adult financial literacy in Australia, the lowest financial literacy levels were 18-24 year olds.
It is vital educate young adults on making informed financial decisions and the risks invovled in personal financing and investment. This site contains information such as types of personal finance and investments, factors affecting investment decisions, consequences of poor financial management and answers to frequently asked questions by young people in Australia.
Financial Literacy-an overview
