Age-appropriate Financial Literacy Programmes in Schools

Mr Gerald Giam Yean Song asked the Minister for Education (a) amongst the schools that currently have financial literacy programmes, how many are (i) primary schools and (ii) secondary schools, respectively; and (b) whether the Ministry will consider developing age-appropriate content for financial literacy to be taught in all schools starting from upper primary levels.

Mr Chan Chun Sing: Students in all primary and secondary schools learn financial literacy through age-appropriate and relevant concepts and content which are infused into various subjects. For example, primary school students are taught basic concepts, such as differentiating between needs and wants, spending within their means, as well as the value of thrift and accumulating savings, through Character and Citizenship Education lessons. In secondary schools, students learn about simple financial planning and responsible use of credit.

To complement the Ministry of Education's financial literacy curriculum, students also take part in programmes and outreach activities organised by MoneySense, our national financial education programme.