KUALA LUMPUR (Feb 16): Malaysian parents are confident about teaching their children about money matters, but they are also finding it increasingly hard to keep up with the fast-changing economic environment and financial services industry.
Eastspring Investments Bhd chief sales and marketing officer Yap Siok Hoon says Malaysian parents are more confident than those in other Asian countries when it comes to money parenting, the process of educating children about money matters.
According to Eastspring’s report entitled “#Money Parenting: Do it right together”, Malaysian parents have a score of 0.67 in the Money Parenting Confidence Index, which was developed by the asset management firm to gauge the confidence level of parents in educating their children on money.