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ERIC Number: EJ918848
Record Type: Journal
Publication Date: 2010
Pages: N/A
Abstractor: As Provided
Reference Count: N/A
ISSN: ISSN-0013-1253
Financial Literacy: Getting beyond the Markets
Stanford, Jim
Education Canada, v50 n4 Fall 2010
Recently, several Canadian provinces have added financial literacy into core curriculum for high school students, and in his 2009 budget, federal Finance Minister Jim Flaherty announced the creation of a Task Force to evaluate current financial literacy initiatives. Typically, these initiatives focus on "individual responsibility", implying that if Canadians learn to handle their personal finances better, they won't need to rely on governments to protect them, financial markets will work better, and the whole country will be stronger. But it is fantasy to hope that greater knowledge on the part of individual investors could somehow stabilize the workings of macro financial markets. Financial literacy can be a welcome addition to curriculum, but it should focus on the causes and potential solutions to Canadians' financial problems, including an honest look at the financial industry, rather than encouraging them to accept an unfair, unequal world, and then adjust themselves to it. (Contains 5 endnotes.)
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Publication Type: Journal Articles; Reports - Descriptive
Education Level: High Schools
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A
Identifiers - Location: Canada