We will all pay the price for our financial illiteracy

An OECD study on young people’s grasp of money issues around the world serves as a wake-up call not just for parents and schools, but also for regulatorsOne in five people are financially illiterate, incapable of grasping basic shopping conundrums – such as, is that nine-pack of loo roll better value than two four-packs? In a world of ever more complex financial products, it’s never been a better time for companies to rip people off because, frankly, very large numbers of us ar