Powered by MOMENTUM MEDIA
subscribe to our newsletter
Government urges states to extend financial literacy program

Government urges states to extend financial literacy program

The Minister for Revenue and Financial Services is calling on the states and territories to support an initiative to extend a financial literacy program for a further four years.

States and territories have been invited by the federal government to support the expansion of ASIC’s MoneySmart teaching program for a further four years in order to overcome the “impediment” of financial insecurity.

The MoneySmart Teaching program provides teachers with the skills and resources to develop stronger financial capabilities in young people.

Minister for Revenue and Financial Services Kelly O’Dwyer said that the program is “essential” to ensuring that students have the know-how to make “sound financial decisions” in the future. 

Ms O’Dwyer said: “The new agreement will expand the program to significantly more teachers so financial literacy lessons can have a positive impact on an even greater number of students and schools across Australia. 

“Financial literacy education in schools is crucial to ensure that students develop the essential knowledge and skills to make sound financial decisions now and into the future, including when it comes to saving, borrowing and investing. 

“That is why we want to give more teachers the capacity to teach their students financial literacy skills — skills that they will carry with them throughout their lives.”

Since the program was launched, over 32,000 teachers have taken part in the MoneySmart Teaching development program.

[Related: Government announces new financial literacy board appointees]

 

 

Government urges states to extend financial literacy program
mortgagebusiness

Latest News

The prudential regulator has announced that it will be removing its 30 per cent speed limit on interest-only lending from 1 January 2019.  ...

A digital “neobank” is intent on challenging Australia’s “entrenched major banks” after securing a restricted banking licence from...

The corporate regulator has revealed the changes being made by lenders to reform their credit card lending practices. ...

FROM THE WEB
podcast

LATEST PODCAST: Unpacking the findings of the ACCC’s mortgage pricing report

Is enough being done to ensure responsible lending?