At an inaugural symposium organised by the Citi-SMU Financial Literacy Programme for Young Adults held on 4 July, a study that found that undergoing financial education increases financial knowledge and planning was presented by Professor Olivia Mitchell from the Wharton School of the University of Pennsylvania. The Citi-SMU Financial Literacy Programme for Young Adults started in 2012. Last August, SMU and the Institute of Technical Education launched a first-of-its-kind partnership, which saw 30 SMU student trainers coach 3,000 first-year ITE students in a three-day financial literacy workshop.