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Erica Stanford: Education Minister on the Government's new curriculum update designed to teach kids about money · Best of Business

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  Speaker 1: You're listening to a podcast from news Talk st be
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  Speaker 2: Budgeting, taxes, investments, and insurance. They're just some of the
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  Speaker 2: things that are going to be taught very soon in
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  Speaker 2: New Zealand schools. Education Minister Erica Stanford says this will
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  Speaker 2: help build lifelong financial skills and children as early as
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  Speaker 2: five years old. And she's with us now, Erica, Hello,
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  Speaker 2: good afternoon. So if we're popping this in, what are
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  Speaker 2: we popping out to make space?
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  Speaker 3: Well, financial literacy should be a strand in the social
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  Speaker 3: science's curriculum. So at the moment, in the social sciences
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  Speaker 3: curriculum you have tutor on New Zealand history. It's supposed
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  Speaker 3: to also include geography and financial literacy, and that's where
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  Speaker 3: we will be popping it in. But it will be
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  Speaker 3: all the way up, so a small dose every year
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  Speaker 3: to make sure we're building capability across the students time
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  Speaker 3: at school.
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  Speaker 2: Look, I feel so cynical about this. I feel like
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  Speaker 2: parents should be teaching the kids this so that we
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  Speaker 2: don't have to teach them in schools because school's already crammed.
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  Speaker 2: Am I being unreasonable?
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  Speaker 3: Well? There are lots of things that parents should be doing,
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  Speaker 3: and unfortunately we're having to pick up at school, like
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  Speaker 3: sex education, like oral literacy. I've got young young people
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  Speaker 3: at EC who are turning up who are five years
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  Speaker 3: old or four years old, who have the language of
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  Speaker 3: a two year old. And so there is a part
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  Speaker 3: of this that is on parents, and that we do
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  Speaker 3: need to help parents understand that you need to talk
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  Speaker 3: to your children to improve oral language skills. You do
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  Speaker 3: need to talk to your children about financial literacy if
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  Speaker 3: you are able. But we have to remember that. You know,
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  Speaker 3: the reason that our budgeting services are overwhelmed is because
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  Speaker 3: a lot of adults, in fact, eighty four percent of
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  Speaker 3: them say that they never received any financial literacy training themselves,
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  Speaker 3: and so it is an intergenerational thing that we need
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  Speaker 3: to build capacity. So the schools do need to play
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  Speaker 3: a part in this, and parents have called for it
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  Speaker 3: for a long time.
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  Speaker 2: You make a fair point, Erica. Thank you. I really
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  Speaker 2: appreciate Erica's stand for the education minist So there is
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  Speaker 2: a bunch of stuff we have to teach kids that
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  Speaker 2: they don't get taught at school.
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