Latest / Early Edition with Ryan Bridge / Neil Edmond: MoneyTime CEO on the new financial literacy curriculum in schools

Transcript

Neil Edmond: MoneyTime CEO on the new financial literacy curriculum in schools · Early Edition with Ryan Bridge

• 0:00
  Speaker 1: So financial literacy will be taught to years one to
• 0:03
  Speaker 1: ten in New Zealand from next year. This is income,
• 0:05
  Speaker 1: it's spending, it's saving, its interest, tax, insurance, you name it.
• 0:09
  Speaker 1: Money Me CEO Neil Edmund is with me this morning
• 0:12
  Speaker 1: to discuss Neil, good morning.
• 0:14
  Speaker 2: Good morning Ryan. How are you very well?
• 0:16
  Speaker 1: Thank you? What's the level of financial literacy at the moment? Like,
• 0:20
  Speaker 1: you know, how much do they know about money?
• 0:23
  Speaker 2: Well? I know some there's various programs available in schools
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  Speaker 2: for quite a while now, but unfortunately it just hasn't
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  Speaker 2: been very clear in the curriculum exactly where personal finance
• 0:34
  Speaker 2: is to be taught or how and so it's just
• 0:36
  Speaker 2: really heartening to see that the Ministery of Education is
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  Speaker 2: coming out and saying that they've been getting a lot
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  Speaker 2: clearer about what is to be taught and where. So
• 0:46
  Speaker 2: I think it's a really good thing.
• 0:47
  Speaker 1: Yeah, and they're doing It's going to be compulsory, there's
• 0:50
  Speaker 1: going to be resources going to all schools. What do
• 0:54
  Speaker 1: you think this will do for the kids and for
• 0:58
  Speaker 1: future generations of kit.
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  Speaker 2: I think it's going to have a massive impact because
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  Speaker 2: financial education and financial literacy is something that every single
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  Speaker 2: person relies on as they go through life, they learn
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  Speaker 2: how to manage their money and make the best use
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  Speaker 2: of it. And up until now it hasn't been really
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  Speaker 2: clearly promoted. I guess would they're better with good word
• 1:23
  Speaker 2: to use in schools, and so now that it is
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  Speaker 2: going to be going forward, they're just going to be
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  Speaker 2: the position to make a lot better financial decisions. They're
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  Speaker 2: not going to have to do the trial and error
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  Speaker 2: that we all had to do we were growing up
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  Speaker 2: into adults.
• 1:38
  Speaker 1: You provide resources to seven hundred and fifty schools, What
• 1:41
  Speaker 1: are the kids, what are they most surprised to learn about,
• 1:44
  Speaker 1: or what do they like learning about?
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  Speaker 2: I think the feedback that we get from the kids
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  Speaker 2: is they like pretty much all of it because they
• 1:52
  Speaker 2: realize that it's going to be things that they can
• 1:55
  Speaker 2: use in their own lives going forward. If they're not
• 1:58
  Speaker 2: sort of it's not abstract things like economics or difficult
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  Speaker 2: things to get their heads around, like trigonometry. It's actually
• 2:08
  Speaker 2: real life stuff that they know that they're going to use.
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  Speaker 2: And so we find that the kids are actually genuinely
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  Speaker 2: enthusiastic about learning it, which is great.
• 2:17
  Speaker 1: Do you who's most keen to learn about it. Do
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  Speaker 1: you find kids who already have money or kids who don't.
• 2:25
  Speaker 2: I think it's a combination of both. Kids that do
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  Speaker 2: have money, it's really important that they learn what to
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  Speaker 2: do with it so that they can use it effectively,
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  Speaker 2: so that they can they end up being generally being
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  Speaker 2: the economic main economic contributors to driving the economy for it,
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  Speaker 2: and certainly the kids that don't have it, it's important
• 2:46
  Speaker 2: that they know it because it's a way of helping
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  Speaker 2: them get out of their current situation into a better one.
• 2:53
  Speaker 1: Neil, appreciate your trying This morning Money me CEO Neil
• 2:55
  Speaker 1: Edmund For.
• 2:57
  Speaker 2: More Family Edition with Ryan Bridge, Listen live to News Talks.
• 3:00
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• 3:04
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