Financial Services Ombudsman, Dominic Stoddard, says the results of the Central Bank’s Financial Literacy Survey is eye opening.
He revealed the information during the Bank’s Launch of its Financial Literacy initiative on Thursday.
Mr. Stoddard noted this is the third such survey carried out by the Central Bank. He said the results of the survey has led the institution to take action.
The Financial Services Ombudsman indicated that the initiative assists with budgeting, saving, setting financial goals, and managing debt.
Though April is Financial Literacy Month, the initiative will continue through the year.