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ISCOVER
Staff Reporter
Proving that Australians are becoming increasingly financially savvy, a majority of primary school children have admitted they prefer to ‘save’ rather than ‘spend’ their pocket money.
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In a new social media video, RAMS visited grade two students at Ramsgate Public School in Sydney’s south to investigate their views on money matters.
When asked what they did with their pocket money, an overwhelming majority said ‘save’. In addition, the children said they would still be living with mum and dad when they grow up.
“Money matters are top of mind for many Australians and it seems finance is a topic we start to learn about early in life. It seems parents, family and friends have a big influence as role models on the attitudes and behaviours of children when it comes to saving,” RAMS head of brand and marketing Chris Thornton said.
“The children at Ramsgate Public School demonstrated great awareness of the importance of saving versus spending. It is very encouraging to know that early education on money matters is happening at home and at school.”
RAMS research showed that buying a home and going on a holiday are top of the list when it comes to savings goals.
In fact, recent research uncovered that seven out of ten Australians save money and 42 per cent of first home buyers believe now is a good time to buy.
