New Zealand

Financial literacy is included in the New Zealand Curriculum (NZC) in New Zealand schools. The NZC encourages teachers and students to look at significant future focused issues such as citizenship and enterprise. Building financial literacy contributes to exploring the issue of citizenship through identifying how values such as community participation influence personal financial goals and actions.

Building financial literacy also encourages links across learning areas, particularly social sciences, mathematics and statistics, as well as English. Financial literacy is readily developed within authentic contexts for learning. It provides students with life skills and also opens pathways for further learning and careers.

The NZC articulates a vision for young people to be "creative, energetic and enterprising; to be confident, connected, actively involved and life-long learners; and will continue to develop the values, knowledge and competencies that will enable them to live full and satisfying lives" and that students are "able to contribute to and participate positively in the community" and "living successful and fulfilling lives" (The New Zealand Curriculum, 2007).

The Ministry of Education’s approach has been informed by the earlier work of the Commission for Financial Literacy and Retirement Income. The Commission developed, trialled and independently evaluated an initial financial education framework (see a revised and updated version by the Ministry of Education in Appendix 3.A4). The Commission’s work provided evidence about the most effective approaches for financial education that align with the overall focus and approach of the New Zealand Curriculum. These approaches have been further developed by the Ministry of Education.

The Ministry of Education has a dedicated website based on the financial education framework to promote and support teachers to integrate financial literacy into their teaching. The website is part of a wider website developed by the Ministry to support the implementation of the revised NZC.

 
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