A notable proportion of Australians are not financially literate, with the younger generations lacking the most knowledge.
These are the findings of a survey of 1,000 people by Canstar, one of Australia’s best-known and respected comparison websites. People surveyed were asked to take up a quiz that consisted of 21 questions to assess people’s level of understanding about financial products, such as home loans, credit cards, energy bills, the NBN or bank accounts.
