Over in the US, bankers have for many years refused to tell it like it is about money.
Instead, they preferred to hide behind terms such as ‘credit derivatives’, ‘securitised loans’ and ‘mortgage-backed securities’ with the result that no one had a clue how much debt was being accrued behind these vaguest of terms.
On top of that, this wretched Covid-19 pandemic has brought the importance of financial wellbeing to the front of many people’s minds.
So we were pleased to see the video emphasising the importance of talking about money as part of a five-step approach to dealing with debt which was produced by our friends at the Credit Services Association (CSA)
The video highlights ways to instil confidence in people specifically around debt, including sharing information, planning and seeking further advice. Not rocket science, it’s true, but sometimes the simplest advice is the best.