A fac­tor iden­ti­fied within the ‘fi­nan­cially well’ group is a level of fi­nan­cial lit­er­acy that al­lows them to iden­tify:

The Citizen (KZN) - - News -

How much money they need for re­tire­ment.

How much to save and in­vest for re­tire­ment.

How much monthly in­come to use to­wards re­pay­ing debt.

How much life in­surance they re­quire.

How much short-term in­surance they need.

Even with this level of fi­nan­cial lit­er­acy, know­ing what to do is not the same as ac­tu­ally do­ing it.

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