- Home
- Bank Accounts
- News
- Financial literacy programs making a difference for kids
Financial literacy programs making a difference for kids
In good news for parents and teachers, an independent evaluation of ASIC’s MoneySmart Teaching Program has found that it yielded strong results amongst students learning financial literacy.
Being financially literate is a crucial life skill that many parents strive to instil in their children. ASIC’s MoneySmart Teaching Program aims to “strengthen the financial capability of students across Australia”.
More than 32,000 teachers across Australia have undertaken MoneySmart professional development since 2012. More than 70 per cent of Australian schools have accessed these resources online.
The evaluation undertaken by EY Sweeney found that after taking the MoneySmart course, students can now “understand the importance of learning about money”.
Further, it found that:
- 96 per cent of students now say it is important to learn about money
- 82 per cent said they were interested in learning about money
ASIC Acting Chair, Peter Kell, said in a statement released today that “financial literacy is part of the Australian Curriculum, it is not an extra, and there is a broader commitment to embed financial literacy education more fully in schools.
“We will continue to look for more opportunities to influence and strengthen the financial capabilities of teachers and students to make a real difference in the financial wellbeing of communities.
“’Many teachers reported a positive impact on their own financial decisions in relation to credit cards, budgeting and borrowing in response to engaging with the teacher professional development program.
“Encouragingly, 83 per cent of teachers using ASIC’s MoneySmart Teaching Program reported that it increased their ability to teach their students about money, while 90 per cent reported that engaging with the Program gave them more confidence when talking about money,” said Mr Kell.
Disclaimer
This article is over two years old, last updated on December 12, 2017. While RateCity makes best efforts to update every important article regularly, the information in this piece may not be as relevant as it once was. Alternatively, please consider checking recent bank accounts articles.
Compare bank accounts
$0
$0
Using a major bank ATM in Australia
Visa
- 2024 Award Winner
- Special
- App banking
- Online banking
- Visa debit card
$0
$0
Over 3,000 rediATMs
Visa
- Special
- App banking
- Online banking
- Visa debit card
$0
$0
Access at any ATM. Rebates on ATM withdrawal fees.
Visa
- Cashback
- App banking
- Online banking
- Overseas ATM facilities
- Visa debit card
$0
$0
Over 2,000 ATMs
Visa
Access Basic Account
- App banking
- Online banking
- Overseas ATM facilities
- Visa debit card
Product database updated 19 Apr, 2024
Fact Checked
Share this page
Get updates on the latest financial news and products
By continuing, you agree to the RateCity Privacy Policy, Terms of Use and Disclaimer.
