<Anchor> It is a
friendly economic time.
Reporter Kim Hye-min and today (30th) will be with you.
Reporter Kim said that the results of a survey on'financial understanding' recently came out, but since there is a lot of interest in financial technology these days, I think the score would have been good for some reason. How is it?
<Reporter>
Doesn't it feel like I'm the only one who is behind me if I only get paid at work and don't finance money?
That's why I make a lot of financial investments like stocks and bitcoins regardless of generation.
Naturally, you will study finance in a variety of ways.
The Korean adults' financial comprehension score surveyed by the Financial Supervisory Service and the Bank of Korea was 66.8 points.
You might think that this is the only way to avoid failing, but since this score was calculated according to international standards, you can compare it with other countries.
The average of 10 OECD member countries such as Germany and Italy was 62 points.
Korea ranked third out of 11 countries.
So, it can be considered a pretty good grade.
There are some differences in the level of financial comprehension depending on the generation.
Middle-aged people got the highest score, almost 70 points.
Older people were the lowest.
There was not much difference between men and women.
<Anchor>
Overall, financial understanding is very high.
So you are becoming a smart consumer.
I think you can see it like this.
Still, you said there was a part that was a little weaker?
<Reporter>
In this survey, we tested how much adult financial knowledge is.
The Korean people knew very well the concept of interest and the relationship between risk and return.
I scored as high as 90 points, but I didn't understand the concept of compound interest even 40 points.
Compounding means that not only the principal, but also the amount received as interest is charged again.
Also, how much did Koreans usually make financial investments desirable?
I am actively engaged in savings activities.
Resolving the household deficit, in a word, was paying off loans well.
On the other hand, it was particularly weak at making prudent purchases or setting long-term financial goals.
For example, there is a lack of plans for life after retirement from work.
It was in the 7th place among 11 OECD countries.
<Anchor>
Reporter Kim, recently, young people are jumping into financial investments a lot.
In particular, we are actively investing in assets that are classified as dangerous, such as Bitcoin.
It seems that the youth's understanding of finance is likely to be high. How was it?
<Reporter>
I mean young people in their 20s and 30s.
The financial knowledge itself was pretty high.
It scored 73 points, similar to the average.
When choosing a financial product, I was investing after securing enough information.
On the other hand, I was not making financial investments from a long-term perspective.
About 34% of respondents said they preferred consumption over saving, but about 10% higher than the young people who answered the opposite.
There are more young people than other generations who think that the present is more important than preparing for the future, and that money is not for saving or investment, but for spending.
Recently, young people are feeling a sense of relative deprivation while looking at the senior generations who have made a lot of money from real estate or stocks, etc. It seems that this social atmosphere is also part of the reflection.
<Anchor>
Reporter Kim, looking at this survey, I think there is a strong message that there is a lack of investment in the future and study of this.
Lastly, you can still study like this.
There are many people who want to study but don't know where and how to do it.
You said there was a way to do it?
<Reporter> In
this survey, those who had received financial or economic education scored higher and were making more sound investments.
That is why it is very important to receive financial education from an early age, and recently, parents create stock accounts under the name of their children.
They let their children make very small stock investments themselves, and this naturally leads to economic education.
In fact, the number of minor stock accounts at five major brokerage firms recently reached 607,000, more than twice as many as a year ago.
If you want to give your child more in-depth economic education, you can also take advantage of free government-provided classes.
If you go to the Financial Supervisory Service's Financial Education Center website, children and adults can receive free online education and financial diagnosis, and there is also a system that provides education through alliances with schools and financial companies nationwide.
In some way, it is now perhaps necessary to instill a healthy economic consciousness from the time you are a minor.