Schools breakthrough for Financial Literacy Foundation
Paul Clitheroe
The Financial Literacy Foundation has secured an agreement with the states and territories for financial literacy to be included in the school curricula for Australian schoolchildren from next year.
Chairman Paul Clitheroe said yesterday that the foundation had “received a commitment from all the state and territory school systems for a national schools’ roll-out of its National Consumer and Financial Literacy Framework”.
“We are very excited by the fact that from the start of next year, every school child in Australia in years three, five, seven, and nine — to start with — will be taught money skills.”
Speaking at a media briefing in Sydney yesterday, Clitheroe also announced the foundation has initiated a “professional development strategy for teachers” to implement the framework in schools.
It is also developing a web-based resource for teachers and other trainers, which will provide advice and materials on providing financial literacy education.
Other education initiatives include the development of a booklet, “Financial Literacy in the Workplace”, aimed at encouraging employers to offer financial education to employees.
A pilot program has been implemented in partnership with the Master Builders Association (MBA) to introduce financial literacy training to cadets, apprentices and the MBA membership.
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