Literacies for the digital age: Financial literacy
This post originally appeared in September of 2014 on my Discovery Educator Network blog, Kathy's Katch,
where I pen a monthly blog post. Please take a look at the blog when you get a
a chance. The new posts go up the first day of each month!
I have identified thirteen literacies important for students to master, which you can see below. Lisa Nielsen, in her blog post “Should the new math be financial literacy?” states “we have lost focus on preparing young people for what will matter in their real lives. If the education system were to provide some financial literacy classes for kids, it could make a tremendous difference in the economic success of society”. Let’s examine some ways you can easily embed their literacies across the curriculum.
Economic literacy, often calledfinancial literacy, according toAtomic Learning, “targets the importance of making appropriate economic choices on a personal level, and understanding the connection personal, business, and governmental decisions have on individuals, society, and the economy”. The report of theNASBE Commission on Financial and Investor Literacyalso offers a useful definition: “Financial literacy is defined as the ability to read, analyze, manage and communicate about the personal financial conditions that affect material well-being. It includes the ability to discern financial choices, discuss money and financial issues without (or despite) discomfort, plan for the future and respond competently to life events that affect everyday financial decisions, including events in the general economy”.
Some states,such as Ohio, have an economic and financial literacy requirement in their Ohio Core state standards to be taught within social studies or another class. In their state, teachers certified in social studies, business education, marketing education, and family and consumer science are all licensed to teach financial literacy. These teachers can help develop a curriculum starting in the earliest grades to make sure these literacies are woven seamlessly throughout the curriculum at all grade levels.
Discovery Education Streaming includes videos that can introduce age-appropriate content to students titled “Financial Literacy for Students” and a professional development series titled “Financial Literacy: Teach it!” The links below will work if your district subscribes to Discovery Education Streaming.
In addition to economic and financial literacy associations, there are investment firms, banks, and government agencies who provide both online and offline material to help you weave financial literacy across the curriculum.