Nigel Marsh said, “There are thousands and thousands of people out there living lives of quiet screaming desperation who work long hours, at jobs they hate, to enable them to buy things they don’t need to impress people they don’t like”.
I have a dream that all inhabitants of Australia (and the world) have at least a basic level of financial literacy.
This should be learned in primary school, high school, and prior to being able to purchase a property and take out a mortgage. Increased financial literacy will have a positive impact on not only the individuals with the knowledge but the community as a whole and the government as well. It will lead to greater mental well-being, less stress, reduced cases of depression, happier families, reduced incidents of domestic violence, less reliance on welfare, the aged pension and reduced suicide. This is too important for the world to ignore and has a range of simple (at least in my mind) fixes. I personally learned a long time ago that your knowledge is very powerful and no matter how simple the knowledge is to you, it can be life-changing for someone who does not know the knowledge yet (“You don’t know what you don’t know”).
I feel this is one of the most important challenges facing our country and I can see a path. I am making it my mission to improve the state of financial literacy in Australia (and the world). I call upon the government and forward-thinking organisations to support me in my quest to make our country and the world a better place.
“Sometimes it is the people no one can imagine anything of who do the things no one can imagine.”
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Mawer Money is a Social Enterprise assiting the world with Financial Empowerment.