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Scott Pape: Kids are finishing school but know nothing about money – Investment Watch

Scott Pape: Kids are finishing school but know nothing about money – Investment Watch
investmentwatchblog.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investmentwatchblog.com Daily Mail and Mail on Sunday newspapers.

How a $10bn banking program came undone

How a $10bn banking program came undone For 90 years the Dollarmites program was a school staple, but at some point it attracted big name opponents who have championed its downfall. Business by Cliona O’Dowd Premium Content Subscriber only For nearly a century, Commonwealth Bank s Dollarmites program was aimed at teaching school kids a life-long lesson to save. A staple in most primary schools across the country, the junior banking program, in place since 1931, encouraged students to get into the habit of setting money aside at a young age. But at some point it lost its way. The $10bn moneymaker for the nation s largest lender is now being blacklisted as states and territories wake up to the unethical marketing exercise that duped generations of young kids.

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