Should your advice business forge ties with local schools to help address financial literacy and underinsurance?
- Yes (75%)
- No (15%)
- Not sure (10%)
The results of our latest poll suggest most advisers think it’s a good idea to develop links with schools in their area.
As we go to press, 79 percent of advisers taking our poll agree that their business should forge ties with local schools to help address financial literacy and underinsurance. Only 14 percent disagree and 7 percent are unsure.
This conversation stems from our recent report that online financial education platform, Banqer, is now reaching over 60,000 Kiwi school children with its financial education modules, which can be learned in the class room.
…research shows that most children’s financial habits are formed by the age of seven
Reinforcing his point about the importance of encouraging financial literacy among primary school-age children, Banqer COO, Simon Brown, says research shows that most children’s financial habits are formed by the age of seven (see: Financial Education Platform Encourages Advisers to Reach Out to Schools).
Assuming this research is accurate, it highlights the critical importance that primary school-age children are offered the opportunity to access at least some form of financial education, to help inform and establish the financial habits of a lifetime – including life insurance issues and awareness, when the time is right.
As our poll results have indicated, most advisers appear to be ‘on-board’ with the need to establish and build links with their local schools and we’ll look forward to reporting your initiatives in this area over time…