uae ranks top for financial education
Last Updated : GMT 17:50:28
Arab Today, arab today
Arab Today, arab today

UAE ranks top for financial education

Arab Today, arab today

Arab Today, arab today UAE ranks top for financial education

Abu Dhabi - Arabstoday

The UAE ranks top among the countries in the Middle East North Africa region for financial education, a new survey reveals. The UAE scored just under ten points below the leading country Brazil in the 2012 Global Financial Literacy Barometer that assessed and ranked the financial literacy levels of people in 28 nations. Brazil was followed by Mexico, Australia, the United States and Canada as having the most financially literate people. “The results show that parents in the UAE have a particularly positive approach to encouraging financial literacy among their children compared to most wealthy countries, with 78 per cent believing it is important to speak to their children about their financial future on a regular basis,” said organisers of the Sixth Annual Global Summit on Financial Literacy held in Chicago. Federal Reserve Bank of Chicago and Visa hosted the event. According to the survey, 25 per cent of respondents with a high income say they do not have enough funds to cover a personal economic emergency fall into high-income categories. A high level of respondents in the UAE (70 per cent) admitted that they do not have the funds necessary to survive a personal economic emergency lasting more than three months. Respondents in more than half of the 28 countries surveyed believe that overall, teenagers and young adults do not understand money management basics, such as budgeting, savings, debt and spending responsibly. Across the globe, the youngest and oldest citizens face the most personal economic risk in the sense that they have the smallest emergency reserves and they are least likely to follow a budget. “The barometer clearly demonstrates that while there have been great strides made in advancing financial education there is still much more to be done,” said Oliver Jenkyn, group executive, North America, Visa Inc. “That is why Visa and the Federal Reserve Bank of Chicago share a commitment to helping people of all ages gain the financial tools necessary to become better money managers. The annual Financial Literacy Summit is an important part of this effort.” The summit on financial literacy was part of an ongoing commitment to promote and facilitate good money skills. Attended by senior Visa representatives from across the Mena region, the event explored potential solutions to improving financial literacy worldwide as part of both organisation’s commitment to improving financial literacy rates. The summit was moderated by Janet Bodnar, editor of Kiplinger’s Personal Finance Magazine, one of the most trusted personal finance publications in the US. From khaleejtimes

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

uae ranks top for financial education uae ranks top for financial education

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

uae ranks top for financial education uae ranks top for financial education

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today Japanese regulators raid Airbnb

GMT 00:44 2017 Monday ,20 November

Japanese regulators raid Airbnb
Arab Today, arab today Keep kids busy at Thanksgiving gatherings

GMT 11:14 2017 Friday ,10 November

Keep kids busy at Thanksgiving gatherings
Arab Today, arab today Saudi, Bahrain target Iran

GMT 00:48 2017 Monday ,20 November

Saudi, Bahrain target Iran
Arab Today, arab today Europe turns on Facebook, Google

GMT 02:26 2017 Monday ,20 November

Europe turns on Facebook, Google
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today May under Brexit pressure at EU reform summit

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Driverless, electric future just round

GMT 02:45 2017 Monday ,20 November

Driverless, electric future just round
Arab Today, arab today Tesla unveils its all-electric semi truck

GMT 02:59 2017 Saturday ,18 November

Tesla unveils its all-electric semi truck
Arab Today, arab today Mona Abdel Ghany increased artistic activities

GMT 12:15 2017 Friday ,17 November

Mona Abdel Ghany increased artistic activities
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 12:22 2017 Thursday ,16 November

Hanan Metawe denies apology for “Major Treason”

GMT 11:15 2017 Thursday ,16 November

Angola oil boss sacked by father's protege

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 11:49 2017 Thursday ,17 August

Egyptian artist presents new collection of designs

GMT 02:28 2017 Saturday ,18 November

Anti-drug operation nets 4 tonnes

GMT 01:34 2017 Friday ,17 November

Banyan Tree Phuket Takes Festive Season

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday