Lenvi’s Post

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2,676 followers

3mo

Our "Borrowers on the brink" report reveals that many individuals are using financial products, like Buy Now Pay Later, without fully understanding the implications. What more can be done to better educate people about finances, such as #borrowing, #mortgages, and #BNPL? Watch our Director of Product, Sam Goodacre sharing his thoughts on the subject. ➡️Read the full Borrowers on the brink report here: https://lnkd.in/eJMq8-r7

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From, from my perspective as a parent of young children, I, I don't see that financial education piece coming through from, from the schools. And at the moment, the education system, I think kind of relies on, on parents and other people to provide that financial education. And for me, it should be a key part of the curriculum. And it's as important as understanding the fractions as it, as it is to understand well, what's a, what's the, what does it mean to borrow? What does it mean to, to pay a loan? Back on a monthly basis or or a mortgage or what does buy now, pay later mean? These things should all be understood by children because the children become young adults. And if we don't start at an early age, it just falls on on the industry, which is right in a certain extent, but the industry alone can't, can't do everything.

Ryan Newby

Digital Marketing Manager

3mo

Financial education is key... Too many people don't understand the impact of debt and the impact of unnecessary finance.

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