MoneyShop Youth Month Survey
by
MoneyShop
Borrow, Education Savings Accounts, Insurance, Life Insurance, Medical Aid, Money, Surveys
June was Youth Month. And so we took a look at how a parents finances affect their children.
Some key items to take away:
- More than half of of those who responded are not savings for their children’s education.
- The main reason (by far) for not saving is lack of affordability.
- Typically between R200-R500 is saved per child per month.
- Most participants have life insurance, but not income protector insurance or medical insurance.
MoneyShop
MoneyShop is SA’s largest loan and credit finding service, helping over 120,000 clients per month.
Using artificial intelligence, we match the right lending and credit related products to the right people at the right time.