Business · Economy · 22 hrs ago

Survey finds many Brazilians know little about financial education

Survey finds many Brazilians know little about financial education

A survey of 3,000 people across Brazil’s five regions found that 55% understand little or nothing about financial education.

Still, 91% said it is important or very important for their personal and professional lives, and 54% said they talk or have talked about money with children and teenagers at home.

Managing money involves more than hearing about it: young people also need to track spending, decide what they can afford and save for future plans.

BTG created its Conta Jovem account to let young people receive money, make payments and save, while adults can monitor spending and limits through an app.

The account also offers tools such as recurring transfers and a spending history sorted into categories.

These features can make everyday banking easier, but the account’s virtual assistant does not teach financial education or advise users on how to spend.

The information provided does not say what happens next.

Sources

Related news