TL:DR Studies on financial education show it helps increase savings rates, but has virtually zero impact on whether someone will default on loans. The article suggests that financial discussions at home are important.
Really though, the article is raising discussion points and doesn’t really suggest what actions we should take (that I noticed, anyway).
That’s every article these guys put out, just a bunch of hand wringing with no firm conclusion. They take ages to get to the point, too.
Perhaps you miss the point of what The Conversation is about.
Inform decisions, not make decisions.
Typically, the stories are written by Academics not Journo’s, and often they are written to just present some detail/facts, it is up to the reader to come to their own conclusion. I pretty much always find them informative, though sometimes, as in this one, much of the detail can be found in the papers/details that the story links to.
I think you’ll find the point/conclusion in the title.
It does explain a lot that these are written by academics, who are used to writing for other academics, but I think a lot more effort could be put into writing more concisely.
I guess people like you are the reason why there is so much financial ignorance. Can’t even read a relatively simple document. So sad.
The Conversation is a platform for academic experts to write their own articles about things they are experts in. The unfortunate truth of science is that science is boring, and any interesting article about science is overplaying the significance of whatever it’s talking about.
Academics aren’t entertainers, and they know that pretty much no study lets you draw definitive conclusions, so the articles are a little different from what others put out.
I’ve read comments longer than this article. It seemed like a quick read to me?
This was a relatively brief article, at least by their standards.
So why are you whinging then?