Toronto Youth Cabinet calls for financial literacy in schools

The Toronto Youth Cabinet has developed a proposal on incorporating financial literacy into the Ontario curriculum. The proposal includes research on why this is needed, an analysis of the current state of financial literacy in the Toronto District School Board, the solution, and why implementing financial education into the Grade 10 Career Studies course is the best course of action.

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News Release

FOR IMMEDIATE RELEASE:

Youth organize petition to incorporate financial literacy in schools

Toronto, Canada – October  11th, 2016 - On October 11th, the Toronto Youth Cabinet published a proposal and petition that requests the Ontario Ministry of Education include financial education as a part of the Grade 10 Career Studies course. 

According to a 2012 Investor Education Fund study quoted in the petition, only 40% of those surveyed felt prepared to manage their money after graduating high school. In addition, 25% of those surveyed felt their school was doing well in teaching financial literacy. The suggestion to include financial literacy into Career Studies, a mandatory course, would make sure every student learn financial basics prior to graduating. Several TDSB and TCDSB Trustees, along with financial literacy organizations and partners across Canada, have already expressed their support for the petition.

“Students are fed up with not learning about skills that are essential to adult life,” said Prakash Amarasooriya, the School Boards Lead for the Toronto Youth Cabinet. “Not only would learning about financial literacy in schools make students more excited about education, but it would also help students learn good habits when it comes to budgeting their money as they get older.”

Full access to the petition can be found here: https://www.change.org/p/ontario-ministry-of-education-incorporate-financial-literacy-into-the-ontario-grade-10-careers-studies-course
Full access to the proposal can be found here: https://goo.gl/9dF55O

Established in 1998 by Toronto City Council, the Toronto Youth Cabinet (TYC) is the official youth advisory body to the City of Toronto. The TYC advocates on youth issues with various youth organizations across the city, and promotes youth involvement in civic engagement and policy development. For more information, please visit http://thetyc.ca or follow us at @TOYouthCabinet.

Primary Media Contact:
Prakash Amarasooriya
School Boards Lead, Toronto Youth Cabinet
prakash@thetyc.ca

Secondary Media Contact:
Tom Gleason
Executive Director, Toronto Youth Cabinet
tomgleason@thetyc.ca