There\u0027s a critical gap in the education of Canada\u0027s children, highlighted by the meltdown of crypto exchange FTX. Read more here.
Increased financial literacy alongside a more future-forward economic focus will better prepare the next generation to manage their money and business lives as well as help break cyclical generations of economic insecurity with more knowledge while helping lay the foundation for a more innovative economy.
The good news is that all the components needed to address this issue are coming together. It helps that the call for increased financial literacy in schools is familiar and that the benefits are clear and well-accepted. Studies have found that school programs for financial literacy are linked to less debt and more assets among students.Article content
Ontario announced high schools across the province would include financial literacy education as part of the revised and mandatory Grade 10 career studies course. Alberta has invested $5 million in basic financial literacy education programs for students in grades 3 to 12 over the next three years. A future-forward financial literacy curriculum should include components on how markets work, business financing, venture capital, equity and investing.
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