Survey: 92% of Taiwanese elementary school children save money

Taiwan News
Date: 2016-06-29
By: Sophia Yang, Taiwan News, Staff Reporter

A recent survey revealed that 92 percent of Taiwanese elementary school children have cultivated saving habits and 40 percent of them do bookkeeping. Among those with the bookkeeping habit, only 20 percent understand the rationale behind the action, saying they do so to track their spending.

To get kids into good saving habits and money management skills, the Taiwan Depository and Clearing Corporation (TDCC) has teamed up with the Financial Literacy & Education Association (FINLEA) since March to teach children at dozens of elementary schools islandwide.

At the same time, the two parties jointly rolled out a contest in which participating teams of elementary school students have to film video clips to promote good saving habits and money management skills. In these video clips, students were playing roles at a variety of settings to convey the idea that good financial habits can help them achieve their future goals.     [FULL  STORY]