DRAFT NATIONAL STRATEGY FOR RETIREMENT INCOME & FINANCIAL LITERACY KNOWLEDGE, PLANNING, ACTION 2016-2018
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Within the context of Malta there is today no strategy directed towards retirement planning and financial literacy.
Although people invest in funds and shares, the proliferation of savings, investment, and insurance products available.
to consumer have increased the level of complexity faced in trying to comprehend the different choices available. The paper explains that financial education is fundamental for young people, since it let them understand the concepts of savings and budgeting and it let them have expenses under control. Furthermore, if individuals become financial educated, they are more likely to save for their retirement. For this reason, there is international recognition that financial education should be integrated into the school curriculum as part of a coordinated national strategy on retirement income and financial literacy. This assures that every child in a country is exposed to this subject maker through their school curriculum
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