Equity issues in student financial literacy

Sue Thomson

Equity issues in student financial literacy

Sue Thomson

Australian Council for Educational Research (ACER)

Research output: Contribution to journal › Article

Abstract

The impact of the COVID-19 pandemic on national economies has underlined the necessity for strong personal financial literacy. With people suddenly able to draw money from their superannuation or freeze their mortgage repayments in order to meet expenses, it is vital that they have the skills to evaluate the costs and benefits associated with such options. Financial education therefore has a role, in conjunction with consumer protection and regulation policies, in equipping people to attain the appropriate skills and knowledge in financial literacy.

Original language	English
Journal	Teacher columnist - Sue Thomson
Publication status	Published - 27 Aug 2020

Keywords

Advantaged students
COVID 19
Disadvantaged students
Equity
Financial education
Financial literacy
Pandemic

Disciplines

Educational Assessment, Evaluation, and Research

Access to Document

https://research.acer.edu.au/columnists_sue_thomson/5

Cite this

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title = "Equity issues in student financial literacy",

abstract = " The impact of the COVID-19 pandemic on national economies has underlined the necessity for strong personal financial literacy. With people suddenly able to draw money from their superannuation or freeze their mortgage repayments in order to meet expenses, it is vital that they have the skills to evaluate the costs and benefits associated with such options. Financial education therefore has a role, in conjunction with consumer protection and regulation policies, in equipping people to attain the appropriate skills and knowledge in financial literacy.",

keywords = "Advantaged students, COVID 19, Disadvantaged students, Equity, Financial education, Financial literacy, Pandemic",

author = "Sue Thomson",

note = "Thomson, Sue. (2020) 'Equity issues in student financial literacy', Teacher, 27 August 2020. https://www.teachermagazine.com.au/columnists/sue-thomson/equity-issues-in-student-financial-literacy Financial literacy, International surveys, Educational equity (Finance), Advantaged, Disadvantaged, Melbourne",

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N2 - The impact of the COVID-19 pandemic on national economies has underlined the necessity for strong personal financial literacy. With people suddenly able to draw money from their superannuation or freeze their mortgage repayments in order to meet expenses, it is vital that they have the skills to evaluate the costs and benefits associated with such options. Financial education therefore has a role, in conjunction with consumer protection and regulation policies, in equipping people to attain the appropriate skills and knowledge in financial literacy.

AB - The impact of the COVID-19 pandemic on national economies has underlined the necessity for strong personal financial literacy. With people suddenly able to draw money from their superannuation or freeze their mortgage repayments in order to meet expenses, it is vital that they have the skills to evaluate the costs and benefits associated with such options. Financial education therefore has a role, in conjunction with consumer protection and regulation policies, in equipping people to attain the appropriate skills and knowledge in financial literacy.

KW - Advantaged students

KW - COVID 19

KW - Disadvantaged students

KW - Equity

KW - Financial education

KW - Financial literacy

KW - Pandemic

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