{"id":56152,"date":"2017-05-27T13:00:20","date_gmt":"2017-05-27T06:00:20","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/we-will-all-pay-the-price-for-our-financial-illiteracy\/"},"modified":"2017-05-27T13:09:02","modified_gmt":"2017-05-27T06:09:02","slug":"we-will-all-pay-the-price-for-our-financial-illiteracy","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/we-will-all-pay-the-price-for-our-financial-illiteracy\/","title":{"rendered":"We will all pay the price for our financial illiteracy"},"content":{"rendered":"


\nAn OECD study on young people\u2019s grasp of money issues around the world serves as a wake-up call not just for parents and schools, but also for regulatorsOne in five people are financially illiterate, incapable of grasping basic shopping conundrums \u2013 such as, is that nine-pack of loo roll better value than two four-packs? In a world of ever more complex financial products, it\u2019s never been a better time for companies to rip people off because, frankly, very large numbers of us are rather dim with numbers.A fascinating study on financial literacy was issued by the OECD this week, comparing financial literacy around the world, using the same Pisa scoring system that ranks abilities in reading and maths. It was focused on 15-year-olds in 15 countries, so it\u2019s not about adults, but my guess is that most people\u2019s literacy at 50 isn\u2019t much better than at 15. It asked some maths-style questions \u2013 comparing the cost of loose tomatoes with boxed ones, and checking an invoice for accuracy \u2013 but also explored more modern issues around money, such as identifying if that email from your bank is a scam, and the factors that go into insurance costs for a first moped. Continue reading…
\n
\nSource : theguardian.com
\nRead more…We will all pay the price for our financial illiteracy<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

An OECD study on young people\u2019s grasp of money issues around the world serves as...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-56152","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-eBG","jetpack-related-posts":[{"id":57188,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/rapid-uk-house-price-growth-threatens-financial-stability-as-hard-brexit-looms-warns-oecd\/","url_meta":{"origin":56152,"position":0},"title":"Rapid UK house price growth threatens financial stability as hard Brexit looms, warns OECD","date":"June 7, 2017","format":false,"excerpt":"\r \r \r Source : telegraph.co.uk\r Read more...Rapid UK house price growth threatens financial stability as hard Brexit looms, warns OECD","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":157839,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dubai-expands-financial-literacy-drive-to-75000-students-with-young-investor-program\/","url_meta":{"origin":56152,"position":1},"title":"Dubai expands financial literacy drive to 75,000 students with young investor program","date":"July 17, 2025","format":false,"excerpt":"\r New phase of the Young Investor Program launched by KFE and National Bonds targets 50 private schools as part of Dubai\u2019s Education Strategy 2033\r \r Source : arabianbusiness.com\r Read more...Dubai expands financial literacy drive to 75,000 students with young investor program","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2025\/07\/Young-Investors-Dubai-UAE-National-Bonds-1000x641-1.jpg?fit=1000%2C641&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":148772,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-low-to-middle-income-families-far-poorer-than-oecd-counterparts-study\/","url_meta":{"origin":56152,"position":2},"title":"UK low- to middle-income families far poorer than OECD counterparts \u2013 study","date":"January 13, 2025","format":false,"excerpt":"\r Britons 39% worse off than Dutch equivalent due to housing costs 44% higher than western European averageLow- to middle-income families in Britain are far poorer than their counterparts in western Europe because of sky-high housing costs, according to an analysis by the Resolution Foundation.The thinktank said that while prices\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":122932,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/era-partners-with-cgs-cimb-to-promote-financial-literacy\/","url_meta":{"origin":56152,"position":3},"title":"ERA partners with CGS-CIMB to promote financial literacy","date":"November 1, 2021","format":false,"excerpt":"\r The partnership between ERA and\u00a0CGS-CIMB aims to promote\u00a0financial literacy and\u00a0empowerment, webinars and programmes can be expected. Source: ERA Real estate agency ERA Singapore (ERA) has signed a Memorandum of Understanding (MOU) with CGS-CIMB Securities (CGS-CIMB) in a bid to promote financial literacy and empowerment. The partnership will see ERA\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/11\/Thomas-Tan-Marcus-Chu-Carol-Fong-and-Raymond-Chin.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":73776,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/oecd-uk-has-lowest-state-pension-of-any-developed-country\/","url_meta":{"origin":56152,"position":4},"title":"OECD: UK has lowest state pension of any developed country","date":"December 6, 2017","format":false,"excerpt":"\r British workers receive just 29% of their previous earnings, although private pensions bring figure up to near averageBritain\u2019s workers can look forward to the worst state pension of any major country, according to a report by the developed world\u2019s leading economic thinktank.The Organisation for Economic Cooperation and Development (OECD)\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":75413,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-to-sink-to-the-bottom-of-oecd-wage-growth-index-in-2018\/","url_meta":{"origin":56152,"position":5},"title":"UK to sink to the bottom of OECD wage growth index in 2018","date":"December 29, 2017","format":false,"excerpt":"\r British workers to be worse off among wealthy nations as Brexit inflation diminishes pay, TUC analysis show Britain is set to have the worst wage growth of any wealthy nation next year, ranking behind Italy, Greece and Hungary, according to analysis by the TUC. The UK is forecast to\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/56152"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=56152"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/56152\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=56152"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=56152"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=56152"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}