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UGANDA: Pension group @NSSFUG should teach financial literacy

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The media story of NSSF saying 90% of civil servants live in poverty after age 50 must be taken very seriously.

On the same day, the same Uganda media published that former legislators are asking President Yoweri Museveni to give each of them UGX 200mln.

I think what NSSF should do is teach Financial Literacy.  Many saving plans do this.  However, in the case of Uganda, do it for working people and kids.

Junior Achievement (JA) has some excellent programs for kids.

In the past, I taught ESIS (Economics of Staying in School) which used to be a JA class and was for Grade 6 to 8 (P5 to P7 equivalent).

In ESIS, kids locate jobs, read job ads for that job, get the salary. Then with that salary, they preparea budget.  Their budget includes saving. 

JA also has a module for starting a business and making it successful.

JA believes in teaching life skills early. Uganda should try it.

MARTHA LEAH NANGALAMA
Ex volunteer with Junior Achievement, Canada

—— AUTO – GENERATED; Published (Halifax Canada Time AST) on: September 29, 2019 at 10:38PM

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