Most New Zealand schools are failing their students when it comes to financial education, with fewer than 10 per cent using the financial literacy material on offer from the Government, according to an expert.
Commission for Financial Literacy and Retirement Income executive director David Kneebone said records showed that only 8 per cent of schools were using the material.
He encouraged parents to talk to their children’s teachers and school board of trustees members to improve the statistics.
“Ideally, we would like to see financial education taught at all levels across several disciplines.”
Mr Kneebone said teachers were not taught financial literacy as part of their training, so it was little surprise that some were reluctant to integrate the subject.