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Developing an effective financial literacy curriculum requires careful consideration of the topic contents, teaching methods, implementation programs, and continuous evaluation. [12] [13] The issues of financial literacy are evolving globally due to changes in technology, economic conditions, and other socioeconomic factors. [12]
Financial literacy is the possession of skills, knowledge, and behaviors that allow an individual to make informed decisions regarding money. Financial literacy, financial education and financial knowledge are used interchangeably. [1] Financially unsophisticated individuals cannot plan financially because of their poor financial knowledge.
"The greatest danger in teaching financial literacy to high school students is not allowing financial institutions to lobby for influence on the curriculum," Michael H. Baker, a certified ...
Since 2020, nine U.S. states have adopted laws or policies requiring personal finance education before students graduate from high school, bringing the total number to 30 states, according to the ...
The key is combining financial literacy with behaviors and a plan to achieve financial security.” Morais equated teaching financial literacy to kids like other basic skills.
Akarowhe found that Economics Education can be seen as a process, science and product: [2] as a process - economics education involves a time phase of inculcating the needed skills and values on the learners, in other words, it entails the preparation of learners for would-be-economics educator (teachers) and disseminating of valuable economics information on learners in other for them to ...
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