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Financial capability resources for teachers

There are many ways schools can include financial capability as a context for delivering the National Curriculum. In this section, you will find links to a variety of resources to support financial capability teaching and learning.

Some learning areas such as social sciences, maths and English lend themselves particularly well to financial capability themed learning. Opportunities to explore links across learning areas should be explored. Financial capability also provides an authentic context for developing and exploring key competencies and values.

News, research, and readings


Educational programmes
This page on the Commission for Financial Capability website provides information about financial education in schools.

School's investment in money matters pays off for students
This article from The New Zealand Herald discusses the need to teach financial capability to all school students, and uses the "Sorted Schools" initiative as an example of how some schools are doing just that.

How much should kids know about money?
Also from The New Zealand Herald, Jeff Stangl, a Massey University professor, shares ideas on the importance of learning about personal finance.

Research and readings

The financial capability of secondary students, and the place of financial capability in secondary schools
This 2015 report summarises research carried out for the Commission for Financial Capability into financial capability in secondary schools. The research, in 2014, involved surveying students, teachers, and school leaders to investigate the attitudes, behaviours, and experience of secondary students towards money and money management.

Charting a course: A review of financial education in New Zealand
Released in June 2012, this report documents the findings of a joint research project between the Commission for Financial Capability (CFFC), formerly the Commission for Financial Literacy and Retirement Income (CFLRI), and Visa. It describes the broad landscape of formal financial education programmes in New Zealand, identifies gaps in that landscape, and proposes measures to address those gaps.

Financial education at School International OECD/INFE Guidelines
Presented in 2011 by Flore-Anne Messy (Principal Administrator, Financial Education and Consumer Protection Unit OECD Financial Affairs Division), this PDF outlines the rationale for financial literacy in schools and introduces the PISA framework for financial literacy assessment. 

Financial knowledge and behaviour survey – 2013
Every four years the Commission for Financial Capability reports on the financial knowledge of adult New Zealanders. This survey found that the overall level of financial knowledge has not changed since 2009.

Guidelines on financial education at school and guidance on learning framework
These draft guidelines supplement the Recommendation on Principles and Good Practices for Financial Education and Awareness adopted by OECD governments in 2005. The OECD Council recommendation stressed that “Financial education should start at school. People should be educated about financial matters as early as possible in their lives.”

How young New Zealanders learn about personal finance: A longitudinal study
This report covers the first stage in a 20-year longitudinal study designed to contribute to better understanding of issues related to the level of financial literacy in New Zealand. The study takes a cohort of New Zealanders, aged 18–22, and is following them over a 20-year period at 5-yearly intervals. The key focus for the study is the question of how personal experience of financial education is related to New Zealanders’ financial literacy. This first stage provides a baseline of the participants’ financial knowledge and their experience of financial education, both formally and informally. (Dr Jeffrey Stangl & Dr Claire Matthews (2012). Financial Education and Research Centre, Massey University.)

National Strategy for Financial Capability
NZ's National Strategy for Financial Capability is a practical framework for raising the financial capability of New Zealanders.

Opinion: Financial education key to Pasifika aspirations
In this article, Dr Pushpa Wood describes key financial concerns and difficulties faced by Pasifika families. After evaluating the Tamaki Financial Literacy Programme, Dr Wood describes some of the positive outcomes for Pasifika families following this community-based approach.

PISA 2012 Financial Literacy Assessment
The Commission for Financial Capability works with the Organisation for Economic Co-operation and Development (OECD) in assessing the financial literacy of New Zealand high school students through the Programme of International Student Assessment (PISA). From 2012, financial literacy is being included in this global comparative assessment of 15-year-old students from member countries. (Access the PISA 2012 Financial literacy assessment framework PDF.)  

PISA 2012: New Zealand financial literacy report
This report looks at New Zealand achievement in an international context, the relationship between financial literacy and student background such as gender, ethnicity, immigrant status, language spoken at home, and economic, social and cultural status, as well as students’ own experience with money.

Recommendation on principles and good practices for financial education and awareness (PDF 4.2 MB)
This document was adopted by OECD governments in 2005 and provides recommendations on principles and good practices for financial education and awareness.

Women and financial education: Evidence, policy responses and guidance
This book provides a comprehensive analysis of the current status of knowledge on gender differences in financial literacy and policy responses in terms of financial education for women and girls. This analysis provided the basis for the policy guidance endorsed by G20 Leaders at the Saint Petersburg Summit meeting on 6 September 2013.

Updated on: 08 Oct 2017