The Wire

When it comes to financial planning, most Australians tend to think it’s like going going to the dentist – something yucky to put off for another day… Almost one in two Australians believe financial investments and superannuation are too complicated to understand properly, according to research done recently by The Australia Institute. At the same time, consumer confidence is down, and we’re all worried about how we’ll cope with rising oil prices, inflation and of course those ever increasing mortgages. So how can we become more financially literate? The banking industry gathered in Sydney today to discuss how Australians can get on top of our spiralling debt and manage our money more effectively.