“Retirement This is a topic that bamboozles many adults, with 13 per cent unsure of what their main sources of income would be in retirement, and another 30 per cent having no idea how much money they’d need to saved or invested to have a comfortable retirement.”
so we read from an online NZ Stuff article titled “Third of adults would fail school money course for teenagers”
and it continues with “About a third of adults would benefit from going back to school to do a new taxpayer-funded money management NCEA course designed for their children.
The Sorted for Schools NCEA course for children aged 14-17 was created by the Commission for Financial Capability (CFFC), but its research indicates many adults lack the money management, saving, debt, goal setting, insurance, investing, KiwiSaver and retirement skills it's designed to teach to secondary school children”.
The results in Australia are no different when 76% of retirees require some form of government support.
In 2020 this has been demonstrated with 2 million requesting funds for their super as they were not prepared for the inevitable “Rainy Day”.
Now is the time to take a 5 min financial check up & ‘Get Sorted’.