Australian teenagers are showing impressive confidence in handling their finances, with many already engaging in smart money habits such as budgeting and tracking expenses, according to data from NAB Economics.
According to the report, 70 percent of high school students say they are confident opening a bank account. Over 60 percent also feel comfortable tracking expenses, managing their money, creating budgets, and setting financial goals.
NAB banker Claudia Dior mentioned that these findings go against common beliefs about how adolescents handle their finances.“They’ve grown up during significant economic shifts. Many of them have seen their parents flex their budgeting muscles, and they’re eager to learn how to set themselves up for success,” Dior said.
