n Meditari : Research Journal of the School of Accounting Sciences - Do our children know anything about money? An exploratory study

Volume 17, Issue 1
  • ISSN : 1022-2529



South Africans, like many people worldwide, need to save more and spend less. The question arises why people do not save enough for their retirement and other financial needs. In this exploratory study, age, gender and the amount of pocket money that learners receive were evaluated to determine their impact on the level of learners' financial literacy. The author concluded that of the three variables evaluated, only age has a significant effect on the level of learners' financial literacy.

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