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Ryan Bridge: The path to improving financial literacy
I see ACT is flying a kite on free money for school kids.
Which sounds odd given the party's aversion to free lunches.
Seymour's talking about giving each Year 11 student, 5th form, $500 each to invest. It'd cost $30 million a year and could be funded via the KiwiSaver subsidy.
They'd be able to invest in a term deposit, managed fund, and equities. It'd be a controlled fund so they couldn't go nuts or withdraw, but they might learn something.
Trump's done something similar in the US, though with the help of private capital.
This is a great way to get young people interested in investing and…
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