"To succeed in a dynamic economic conditions, youth must have the skills, knowledge and experience needed to manage personal finances and have the knowledge to manage finances in general. They must have the education needed to take proper financial decisions," said Citi Country Officer Shariq Mukhtar.
Citibank itself has initiated financial education programs that bus help hundreds of young people have the knowledge to manage finances, so get the best opportunity to improve the welfare of its finances in the future.
Shariq explained, expenditures are generally influenced the younger generation of external factors. The Global Youth Survey indicates, 43 percent of young people around the world do an online search in the decision to buy a product.
Meanwhile, 40 percent of those taking decisions based on inputs friends or family, and 17 percent other decisions based on advertising in the media. In Southeast Asian countries, like Indonesia, for most of the younger generation mostly for transportation, food, relationships, clothing, and phone accounts.
Most of them admitted their spending habits will change one day, especially just before they married. But this recognition is considered to have no basis.
Citibank promoted self-reliance program designed to build youth skills in various fields, including the ability to determine financial priority short, medium and long term, identify the income and expenditure to establish and implement a realistic financial goals, and evaluate their ability in dealing with management issues financially.
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