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How financial literacy is taught in schools around the world. USA.



The US Department of the Treasury created the educational project Money as you grow. Its website has five sections with information for different age groups: 3-5 years old, 6-10 years old, 11-13 years old, 14-18 years old and 18+ years old. The data collected here, methods, tools, educational games and tests are recommended to be used by parents and teachers to teach children how to handle money.


There is also a resource MyMoney.gov from the Federal Commission on Financial Literacy and Education. Here you can find educational tips on how to earn, save, invest and protect money.


The authorities of each state independently determine how and to what extent to use the materials proposed by the government in schools. In some states, financial literacy is taught only as an elective, but in many there is a curriculum called Understandable Mathematics. These are 60 full-fledged lessons, where they explain the rules for maintaining a family budget, the methodology for calculating loans, and much more. The course is designed for children aged 10-15 years.


Schoolchildren are taught concepts such as compound interest, the price of a chance, risk, inflation, etc. A separate big topic is taxes and why it is so important to pay them.

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