You will agree that this time round, for me, any topical issue is bound to be coloured by, and related to, the recent global financial meltdown and related deepest economic recession since the great depression of the 1930s.
Therefore, financial education must aim to build consumers’ awareness and knowledge of financial terms and calculations; Second, for poor and rich alike, financial literacy is about empowering consumers through developing money management skills to enable them to make the most of their resources, and reducing vulnerability to overzealous retailers or fraudulent schemes.