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Financial literacy education in the curriculum: Making the grade or missing the mark?


  • Blue, Levon
  • Grootenboer, Peter
  • Brimble, Mark


Financial literacy education (FLE) has become a global priority. In Australia, FLE has been added to the primary and secondary school curriculum. Teachers now have the added responsibility of educating students after receiving some form of professional development. Of concern is how teachers are being financially educated and supported to teach FLE critically and effectively. We find that more is needed to guide, educate and support educators in this area with clearer policy objectives, improved professional development and programme evaluation required. Without a more robust and evidenced based approach we fear the policy intentions of FLE in schools may not be realised.

Suggested Citation

  • Blue, Levon & Grootenboer, Peter & Brimble, Mark, 2014. "Financial literacy education in the curriculum: Making the grade or missing the mark?," International Review of Economics Education, Elsevier, vol. 16(PA), pages 51-62.
  • Handle: RePEc:eee:ireced:v:16:y:2014:i:pa:p:51-62
    DOI: 10.1016/j.iree.2014.07.005

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    Cited by:

    1. Kwee Kim Peong, 2019. "Determinants of Personal Financial Literacy among Young Adults in Malaysian Accounting Firms," GATR Journals gjbssr524, Global Academy of Training and Research (GATR) Enterprise.
    2. Tim Kaiser & Lukas Menkhoff, 2017. "Does Financial Education Impact Financial Literacy and Financial Behavior, and If So, When?," The World Bank Economic Review, World Bank, vol. 31(3), pages 611-630.
    3. Manuel Salas‐Velasco & Dolores Moreno‐Herrero & José Sánchez‐Campillo, 2021. "Teaching financial education in schools and students' financial literacy: A cross‐country analysis with PISA data," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 26(3), pages 4077-4103, July.
    4. Omer Alkan & Erkan Oktay & Seyda Unver & Esmer Gerni, 2020. "Determination of Factors Affecting the Financial Literacy of University Students in Eastern Anatolia using Ordered Regression Models," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 10(5), pages 536-546, May.
    5. Kaiser, Tim & Menkhoff, Lukas, 2020. "Financial education in schools: A meta-analysis of experimental studies," Economics of Education Review, Elsevier, vol. 78(C).
    6. Sirli Mändmaa, 2021. "Financial Education from the Perspective of University Students: Comparative Study," Eurasian Journal of Social Sciences, Eurasian Publications, vol. 9(3), pages 150-175.
    7. Paul Gerrans & Richard Heaney, 2019. "The impact of undergraduate personal finance education on individual financial literacy, attitudes and intentions," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 59(1), pages 177-217, March.
    8. Boukje Compen & Wouter Schelfhout, 2021. "Collaborative Curriculum Design in the Context of Financial Literacy Education," JRFM, MDPI, vol. 14(6), pages 1-25, May.


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