| Abstract: | A survey was sent to a group of households selected at random in six counties to identify financial events and coping strategies of households in the current economic climate. The purpose of the study was to provide information on the occurrence of major financial events and coping strategies to be used in the development of outreach educational programmes in the financial area. Additionally, information was obtained on the types of financial information the respondents would find helpful as well as preferred delivery methods. The inability to save money was a problem for the majority of households, with job-related events such as losing a job causing the most financial difficulty for the households. Many of the households indicated a desire for information on investments, retirement planning, estates and wills. It was clear from the findings that the methodologies used to teach financial information need to be geared towards learning at home. |
