Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search

 


NZ students financially savvy

Hon Hekia Parata

Minister of Education
10 July 2014 Media Statement
NZ students financially savvy

Many New Zealand students are among the most financially literate, and score higher than the OECD on average, Education Minister Hekia Parata says.

The results of the New Zealand Financial Literacy Report are based on findings from the 2012 Programme for International Student Assessment (PISA) study, which assessed the financial literacy of 15 year-olds at that time.

New Zealand was one of 18 countries to take part.

The results show:

• One in five New Zealand students showed advanced skills in financial literacy compared with one in ten students among OECD countries.

• Nine out of ten New Zealand students reported they had a bank account, and those students achieved a much higher score on average than their peers who did not.

• Students who are good at financial literacy are also likely to be good at reading and mathematics, further highlighting the relationship between literacy and numeracy and learning in other parts of the curriculum.

“It is great to see so many Kiwi children are financially literate. The more financially literate our young people are, the better placed they are to make decisions that enhance their wellbeing,” Ms Parata says.

Despite these positive results, the report also reaffirms that there are areas where further improvement is needed to raise achievement for all students.

“The report shows that students from low socio-economic backgrounds scored lower than students from high socio-economic backgrounds. Māori and Pasifika students also scored lower than the New Zealand average,” Ms Parata says.

“Since 2012, a lot of work has been done to build financial literacy for all our students, including a suite of new online financial capability resources that can be used across all areas of the curriculum from Years 1 – 13 to build financial literacy that were released in April this year.

“We are also using information collected from across our schools and communities, such as National Standards, to identify, target and support with extra resources, the students who need it most,” Ms Parata says.

For more information on the New Zealand Financial Literacy Report results, visit: http://www.educationcounts.govt.nz/publications/schooling/2543/pisa-2012/148116

Ends

Notes for Editors

The report, which coincides with the OECD international release of financial literacy results, 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.

The relevance of financial capability is acknowledged in the New Zealand Curriculum where it is included as a theme that schools can use for cross-curricular teaching and learning programmes.

The Ministry has a range of resources available at http://nzcurriculum.tki.org.nz/Curriculum-resources/Financial-capability


© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gaza.Scoop: UNRWA School, Ambulances Attacked - Gaza MOH

The Ministry of Health Gaza expresses its horror and outrage at the latest Israeli massacre moments ago at an UNRWA school sheltering displaced persons in Beit Hanoun. Ten people have been killed and there is a large number of wounded. More>>

ALSO:

Gordon Campbell:
On Gaza And Burning The Israeli Flag

One of the selling points in New Zealand’s campaign for a temporary seat on the Security Council is that we have a pluckily independent voice to offer on international conflicts.

This image is not entirely self-delusional. When we did occupy a temporary UN Security Council seat in the 1990s, New Zealand was forthright about the need for the international community to actively respond to the Rwanda genocide. On April 14, 1994, New Zealand, Nigeria and the Czech Republic were the only nations to call for a forceful UN intervention to halt the killings. It was a proud moment in the diplomatic record of the Bolger government.

What then, is the current National government doing with respect to the slaughter in Gaza? More>>

 

Parliament Today:

Minister Told Of FBI Investigation, Says INZ: Coleman Must Quit Or Be Sacked Over Dotcom Case - Harré

Immigration New Zealand has done the right thing in distancing itself from Jonathan Coleman’s claims that ministers were not aware of FBI involvement in Kim Dotcom’s residency application, says the Internet Party. More>>

ALSO:

Valedictory Season: Maori Party Founders Say Goodbye

Two major Maori MPs gave there farewell speeches to Parliament Thursday outlining their history, experiences, triumphs and regrets. More>>

ALSO:

Resignation Not Accepted: Transport Minister Breaches Aviation Security Rules

"Running late for a plane at Christchurch Airport, I without thought breached airport and airline security rules by entering the gate lounge through a door usually used for exit only..." More>>

ALSO:

TAIC Report: Urgent Recommendations After Melling Rail Accident

The Transport Accident Investigation Commission has made four urgent recommendations to KiwiRail following the accident two months ago (27 May) when a Matangi passenger train collided with a stop block at Melling Station, Lower Hutt. More>>

ALSO:

Red Tape: Local Regulations Go Under Microscope

The Government says it is accepting nearly all of the recommendations the Productivity Commission has made on ways to improve local regulations. More>>

ALSO:

Spending Questions: Claudette Hauiti To Step Aside At Election

National Party President Peter Goodfellow confirms that he has received notification from List MP Claudette Hauiti that she plans to step aside at the 20 September election. More>>

ALSO:

EPA: Board Of Inquiry Rejects Basin Flyover By Majority Of 3 To 1

The independent Board of Inquiry delegated to decide on the Basin Bridge Proposal has, by a majority decision (3 to 1), cancelled the Transport Agency’s Notice of Requirement and declined its resource consent applications for the construction, operation and maintenance of a flyover on State Highway 1 in Wellington City... More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news