www.oecd.org//financial/education/digitaldelivery-of-financial-education-design-and-practice.htm ‘Digital tools can support the effective delivery of financial education and help policy makers address the needs of target audiences through tailored approaches. They can better support money management skills while reinforcing financial literacy core competencies, and can also be used to address some of the most common behavioural biases that consumers experience when dealing with financial decisions’.
Declining spreads have, no doubt, been helped along by the beneficial effect of the balance sheet improvements on measures of credit quality. Indicators such as rating changes and default rates, though still elevated, have eased notably this year.