According to research results from Finder, many Australians wish they were taught more about money in school.
A nationally represented survey revealed almost half of Australians (46%) wished they’d learnt how to invest during their time at school, while 44% wish they’d learnt how to manage their money.
Almost 1 in 3 (32%) thought lessons on how to start a business would have also been valuable.
The research found just 30% of Aussies don’t have regrets about what they’d been taught in school.
Rebecca Pike, money expert at Finder, said many Australians feel financially unprepared for the real world. “Many people have to learn financial lessons the hard way and that can be a very expensive way to learn! Millions wish they’d learned things at school which could have put them one step ahead when it came to their future. That might be as simple as learning how to budget and manage their money, but maybe that knowledge about how to invest or start a business could have kickstarted their wealth creation sooner or changed their career path.”
The research shows 1 in 5 (21%) say classroom lessons on how to get a job would have also helped them navigate employment in life.
A further 20% of adults wish they’d been taught to code.
Interestingly, women craved the early exposure more than men, with 37% of women wishing they’d learnt how to start a business at school, compared to 27% of men.
Almost 1 in 2 (49%) women wished they’d learnt how to invest as a young person, compared to 42% of men.
A massive 83% of millennials wish they had had financial education before adulthood, compared to only 47% of baby boomers.
Pike said it was never too late to figure out your finances and focus on financial success.
Speak to a Bernie Lewis Home Loans mortgage broker on 8300 8300 or email info@bernielewis.com.au. They will be able to assist you with tracking your income and expenses and get you on the right track when it comes to a savings plan in preparation for buying your new home.
Finder is a comparison website. It operates sites in 83 countries and has over 400 employees, with 9.7 million visitors a month worldwide. It is the most-visited comparison site in Australia.
Info derived from Michael Yardney’s Property Update – March 21, 2022
