Children who get a good financial education are less likely to get into debt, and are better prepared to save and invest. Here’s how South African parents can help their children set out on the road to financial success.
A 2022 study by US-based Fidelity Investments found that more than half of 2,013 teens between the ages of 13 and 17 said investing was too confusing. The study also revealed that 70% of teens look up to family members as financial role models, while only 34% said their families regularly talk.