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Warning households can’t ignore

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Households have a “once in a lifetime opportunity” to pay back debt while there are record-low interest rates — but they are not maximising it.

Barefoot Investor Scott Pape issued a stern warning for millions of adults across Australia as he unveiled a plan to make the next generation more money-savvy by revolutionising financial education in schools.

Pape, who firmly believes money management should be taught in the classroom, is rolling out his grassroots Money Movement across thousands of schools — and the results are being filmed for a Foxtel series.

Launching the plan, Pape told News Corp it is worrying that so many Australians have got themselves into mountains of debt and urged people to take immediate action to get themselves out of it.


© The Daily Telegraph