Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search

 


PISA results shed the spotlight on financial literacy levels

PISA financial literacy results shed the spotlight on financial literacy levels for young New Zealanders

Retirement Commissioner Diane Maxwell has welcomed the 2012 PISA results that shed the spotlight on financial literacy levels among fifteen year olds in New Zealand.

Speaking at the global launch of the OECD PISA financial literacy assessment of students, Ms Maxwell said, "The PISA results give us some clear insights into where we need to concentrate our efforts. Broadly New Zealand is tracking well on financial literacy levels for the fifteen-year-olds tested by PISA, with competencies above many of our OECD counterparts. However, it identifies that Māori and Pacific are over-represented in the group with the lowest levels of financial literacy. It also highlights a difference between boys and girls in understanding financial fundamentals."

Ms Maxwell said, "At the beginning of the year, we signalled the Commission would have an increased focus on low income and vulnerable New Zealanders. The PISA results support that strategic focus."

The Commission has also been working on initiatives to support the teaching of financial literacy within the curriculum, delivering programmes such as the Upper Harbour Schools Cluster, a pilot programme involving seven schools and Massey University who are working collaboratively to integrate financial literacy education into their curriculum.

Ms Maxwell said the continued close collaboration between agencies such as the Commission, the Ministry of Education, Young Enterprise Trust, and schools is important.

A great example of that collaboration was the launch in April of the Financial Capability Progressions Toolkit which provides a suite of materials designed to help educators teach financial literacy across a range of classroom subjects.

"Financial literacy is an essential life skill and embedding it in the school curriculum makes absolute sense. We want young people to leave school equipped to make good decisions about money from an early age," said Ms Maxwell.

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

17 Year Sentences In Baby Moko Case: Attorney General On Plea Bargain

“The Crown’s decisions in this case, including the decision to accept the manslaughter pleas, were motivated by the need to secure convictions for this horrendous killing and to avoid the significant risk that either of the defendants could escape such a conviction because of evidential issues.” More>>

ALSO:

As Govt Cuts Lobby Anti-Smoking Group Funds: On The Nation - Plain Packaging Debate

Imperial Tobacco leaves open possibility of law suit against New Zealand government if plain packaging is introduced, as planned. Says it’s a “last resort” but “of course we will defend the right to use our brands”. More>>

ALSO:

No Rail For New Harbour Crossing: National Giving Up On Rail In Auckland

The National Government’s decision to scrap two planned rail lines in Auckland shows it is giving up on a city-wide rail network in Auckland, and on thousands of commuters who sit in traffic jams every single day, the Green Party said today. More>>

ALSO:

Gordon Campbell: On The Ombudsman’s Verdict On Paula Rebstock And Ian Rennie

Unfortunately, the brave and damning report by Ombudsman Ron Paterson on the “flawed” and “unfair” inquiry conducted by Dame Paula Rebstock into events at MFAT pulls back the veil on a far wider issue. More>>

ALSO:

Charities' Report: Stressed Families - Overstretched Services

“Like so many of the whānau and families they serve social service organisations are under huge financial stress. The support demanded from desperate people in communities is far outreaching the resources available.” More>>

ALSO:

Detention: Wellingtonians Protest Treatment Of Refugees

Peace Action Wellington (PAW) and around 50 Wellingtonians blockaded the Australian High Commission, creating a symbolic detention centre to protest the Australian Government's policy of mandatory offshore detention for refugees and asylum seekers. More>>

ALSO:

Diver's Alarums: Breach Means Training Provider Must Repay $1.47 Million

The New Zealand School of Outdoor Studies is to repay $1.47 million (GST-exclusive) to the Tertiary Education Commission (TEC) following an investigation which showed that some student enrolments between 2009 -2014 could not be validated and that courses were under-delivered against their agreement with the TEC. More>>

ALSO:

Education: Government Plans Suggest Bulk Funding Return

Plans by the Government to return to bulk funding are likely to see increased class sizes and schools most in need missing out on much-needed resources, Labour’s Acting Education spokesperson Grant Robertson says. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Politics
Search Scoop  
 
 
Powered by Vodafone
NZ independent news