Helping young people be
ASIC's MoneySmart Teaching program builds the consumer and
financial literacy capabilities of young Australians and helps
educators, families and the community teach young people about
money. Good consumer and financial habits are some of the most
valuable skills we can give them.
Here we outline the MoneySmart Teaching program and explain the
efforts across the world to improve and measure financial
What is MoneySmart
ASIC's MoneySmart Teaching is the only Australian Government
consumer and financial literacy program for primary and secondary
students and their teachers, supported by state and territory
education authorities and the Australian Council of State School
The program builds the financial literacy capabilities of young
Australians and helps educators, families and the community teach
young people five basic financial principles:
ASIC's MoneySmart Teaching
ASIC's MoneySmart Teaching strategy is an important element of
consumer and financial literacy education for young Australians and
is underpinned by three key messages:
- Being MoneySmart is a core life skill in the twenty-first
- Being MoneySmart builds financial health and wellbeing
- You are never too young to be MoneySmart
The goal is to support young people be financially confident and
informed now and into the future.
Global action on student
consumer and financial literacy
Financial Literacy is globally acknowledged as an important
element of financial and economic stability and development. Many
countries acknowledge the need to increase their citizens' consumer
and financial literacy.
The consensus is that this should begin as early as possible
through formal school curriculum. Consumer and financial education
is recognised as one of the most efficient and cost effective
approaches to facilitate generational change.
The Organisation for Economic Cooperation and Development (OECD)
has recognised the need to develop the financial literacy of
citizens as an effective tool in promoting financial stability for
economies and individuals. The International Network on Financial
Education (INFE) was created for this purpose.
Last updated: 21 Jun 2017