Saturday, November 30, 2013

New Financial Literacy Site for Educators, Parents, and Students

In early November we posted a resource blog on Financial Literacy - November is Financial Literacy Month in Canada, and we thought we’d just share some sites / resources that contain useful materials for educators and consumers. Well, a new site has just been released by the Investor Education Fund (IEF, an Ontario Securities Commission initiative, and the same people who brought you the Get Smarter About Your Money sites) - InspireFinancialLearning.ca.

Along with the site, the IEF also released province-wide survey / study on Parental interest in financial literacy, with some interesting results and figures:
  • more than one-quarter (28 per cent) of parents believe financial education is not currently offered in high schools and more than half (53 per cent) said they don't know if it is offered or not - Financial Literacy was introduced into the Ontario curriculum 2012
  • only 4 out of 10 parents believe their teens are prepared to manage money after high school
  • 84% of parents and 70% of high school students want financial learning in the classroom