WILLIAM GUMEDE: Get personal about finance

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 64 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 29%
  • Publisher: 63%

대한민국 뉴스 뉴스

대한민국 최근 뉴스,대한민국 헤드 라인

Financial illiteracy in SA is a crisis that extends to our poor public finances

A lack of knowledge about the critical importance of personal finance is not only tripping up many South Africans; it is also one of the reasons for the country’s dire public finances.

In my years of teaching elected and public representatives how to manage public finances it has become clear that many of them have little understanding of how to manage their personal finances — making it almost impossible for them to manage public finances too.lected and public representatives are often tempted to take part in corruption to make ends meet because their poor personal financial management has led them into debt.

Furthermore, given the exclusion of previously marginalised South Africans from being active players in the market economy, many lacked the basic personal financial education that many of their white counterparts would have routinely picked up in homes from their parents. The failure by the democratic government to deliver public services such as education, health and policing have forced far too many people to look to the private sector.

The post-apartheid culture has also become strongly materialistic. New belief systems appear to have taken hold that place value, status and social belonging on material assets. For example, s Given the appalling levels of personal finance in this country, improving the understanding of this skill should take place in all life phases, by multiple institutions.

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 12. in KR
 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

CoJ Finance MMC Mfikoe explains slow uptake of debt rehabilitation programmeThe intervention was availed to residents and businesses last year to assist with the economic pressures of the COVID-19 pandemic.
출처: ewnupdates - 🏆 30. / 53 더 많은 것을 읽으십시오 »