Young adults today have access to an increasing range of financial products. However, evidence shows young adults generally have low financial capability, leading to poor financial choices with potentially severe and long-lasting consequences. Financial experience represents one proven channel by which people develop the knowledge and ability to make better financial decisions. A potentially pivotal life experience for young adults is moving out of home, which involves a wide range of financial experiences. We examine how leaving home impacts the financial capability of New Zealanders aged 18–25. Our results suggest leaving home is associated with a significant improvement in financial capability but not an increase in financial knowledge. Providing targeted guidance to home leavers may offer an effective opportunity to improve the financial capability of young adults and minimize costly mistakes.

中文翻译：

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生活教训：年轻人的离家和经济能力

今天的年轻人可以使用越来越多的金融产品。然而，有证据表明，年轻人通常经济能力较差，导致财务选择不当，可能带来严重和长期的后果。财务经验代表了一种行之有效的渠道，人们可以通过该渠道发展知识和能力以做出更好的财务决策。对于年轻人来说，一项潜在的关键生活经历是搬出家门，这涉及广泛的财务经历。我们研究了离家如何影响 18 至 25 岁的新西兰人的财务能力。我们的研究结果表明，离开家与财务能力的显着提高有关，但与财务知识的增加无关。