June was Youth Month. And so we took a look at how a parents finances affect their children.

Some key items to take away:

  • More than half of of those who responded are not savings for their children’s education.
  • The main reason (by far) for not saving is lack of affordability.
  • Typically between R200-R500 is saved per child per month.
  • Most participants have life insurance, but not income protector insurance or medical insurance.