''The system is very devolved. It is up to teachers and principals in local schools to decide what is taught. We have very well written financial literacy materials but we don't know how much they are used,''
Financial literacy is perhaps one of the areas of a child’s education which really should be ‘out-sourced’. The last generation were not taught financial literacy well, for a variety of reasons, and to say that parents alone should be solely responsible would lead to a spiralling downwards of understanding of money.
As the article identifies there are many worthy programmes out there that schools and educators could, and should adopt.
That is not to say that parents should not take a lead in this area. It is just that there needs to be a more solid foundation to financial understanding than ‘treating your kid on every visit to the Warehouse’.
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