Starting early: Educating teenagers to make savvy financial choices

Published on 30 January 2019

Even short financial education programmes can change how adolescents make intertemporal choices - the basis of consumption and savings decisions, and more sophisticated financial decision-making more generally.

Insufficient savings and bad financial decision-making present a major challenge for people as the financial world becomes more complex and financial responsibility for old age provision shifts towards the individual. Young people are increasingly users of digital financial services and face an evolving and challenging financial landscape. This calls for educating people about making good financial choices from a young age.