Financial literacy research

Developing effective financial literacy programs

Building the financial literacy and capability of young Australians is essential in ensuring they have the skills and knowledge to make informed decisions and are well equipped to face the challenges of adult life.

Effective programs and strategies to build financial capability are informed by research and analysis and utilise best practice and lessons learnt from experts in the field.

This page provides a variety of international and Australian research that will inform the development of financial literacy education programs and support educators to implement innovative teaching practices in the classroom.

Financial literacy in Australian schools (Infographic 2017)

Our Financial literacy in Australian schools infographic outlines the results from the OECD PISA 2015 financial literacy assessment, and achievements to date of ASIC's MoneySmart Teaching program. For more information on the PISA 2015 results see:

Mathematics + Money = Engagement (Project report 2016)

This project, funded through a Financial Literacy Australia grant sought to engage students in learning mathematics concepts using money and finances as the context for learning.

Four primary schools from low socioeconomic areas participated in this research project to:

  • explore teachers and students perceptions of financial literacy and its links to the Australian Curriculum
  • develop contextualised units of work that are derived from students' interests and needs
  • investigate changes in students' engagement as a result of the implementation of the contextualised units of work.

The report found that teaching mathematics using money and finances as the context for teaching mathematics did engage students in learning.

The project report was written by Catherine Attard  Distinguished Teaching Fellow and  Associate Professor, of Mathematics Education at the University of Western Sydney.

Financial Education for youth and the role of schools (OECD 2014)

Financial education for youth addresses the challenges linked to the introduction of financial education in schools. It includes practical guidance and case studies to assist policy makers and a comparative analysis of existing learning frameworks for financial education in the formal school system.

Financial Education in Schools (OECD 2012)

This article provides a rationale for financial education in schools and key points for implementation within countries.


Related links


Last updated: 20 Jun 2017