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Education and saving
South Africans, like many people worldwide, need to save more and spend less. The question arises why people do not save enough for their retirement and other financial needs. In this exploratory study, age, gender and the amount of pocket money that learners receive were evaluated to determine their impact on the level of learners’ financial literacy. The author concluded that of the three variables evaluated, only age has a significant effect on the level of learners’ financial literacy.
Meditari Accountancy Research – Emerald Publishing
Published: Apr 1, 2009
Keywords: Education; Financial knowledge; Financial literacy; Financial skills and competence; Financial responsibility; Level of income
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