A study of how schools deliver financial literacy education has identified better ways to help students master the basics they all need to know for real-life financial situations.
The national curriculum expects teachers to teach some maths concepts through a financial lens. The revised curriculum includes the financial lens as an example teachers can use, if they choose to.
There’s a lack of evidence school banking programs lead to better financial literacy. And their removal in Victoria might be the impetus schools need to take financial education more seriously.
There are better ways to teach financial literacy than through school banking schemes.
Learning about real-life money decisions from a young age helps kids learn maths and improves their financial literacy.
Around a fifth of 15-year-olds in Australia do not have basic financial literacy.
The government has heavily invested in initiatives intended to help children understand finance. But should this be taught by school teachers instead who are sensitive to kid’s backgrounds?
Three out of 10 students borrow the maximum amount available to them as loans. How well do students understand the long-term costs of borrowing?