This is one of those article that raises many more questions than it answers. Here's the gist: not that banks are no longer allowed to provide financial education for students in Australia, numerous other players, like the Barefoot Investor, have stepped into the gap, but we need education that doesn't merely describe how the financial system works, but also helps students engage in discussion about the need for reform. It makes me want to follow all the rebbit-holes, like: why did banks take the opportunity to use financial education as advertising? How are financial influencers (finfluencers) able to get into the education system? But there's more. This article was funded by the Ecstra Foundation, which we read "is a grant making charitable organisation committed to building the financial wellbeing of all Australians within a fair financial system," which sounds great, but "is funded by Community Benefit Payments made under the terms of ASIC's Enforceable undertakings actions," or in other words, court-ordered actions. So there's a lot going on behind the scenes here.
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