Financial literacy in Southeast Asia is set to match industry growth

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The story "Financial literacy in Southeast Asia is set to match industry growth" was covered 11 hours ago by e27, a news publisher based in Singapore.

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Financial literacy in Southeast Asia is set to match industry growth - e27

Quick Summary:

Digital acceleration hasn’t been sufficient.“The ability of people to process economic information and make informed decisions about financial planning, savings, debt and retirement” (as one of the definitions of financial literacy goes) is becoming more and more important around the world.

In all three cases, it can be assumed that more developed countries should have a higher level of financial literacy.

The United Nations Capital Development Fund report (2022) stated that most countries in the region demonstrated little knowledge of basic financial terms, limited financial skills, including the inability to use an account without assistance and insufficient financial behaviour, such as saving for retirement.Here is another example.