1 00:00:00,040 --> 00:00:02,840 Speaker 1: Budgeting, taxes, investments, and insurance. They're just some of the 2 00:00:02,840 --> 00:00:04,720 Speaker 1: things that are going to be taught very soon in 3 00:00:04,800 --> 00:00:07,720 Speaker 1: New Zealand schools. Education Minister Erica Stanford says this will 4 00:00:07,720 --> 00:00:11,480 Speaker 1: help build lifelong financial skills and children as early as 5 00:00:11,520 --> 00:00:13,360 Speaker 1: five years old. And she's with us now, Erica, Hello, 6 00:00:14,240 --> 00:00:16,440 Speaker 1: good afternoon. So if we're popping this in, what are 7 00:00:16,480 --> 00:00:17,800 Speaker 1: we popping out to make space? 8 00:00:19,520 --> 00:00:22,599 Speaker 2: Well, financial literacy should be a strand in the social 9 00:00:22,640 --> 00:00:26,320 Speaker 2: science's curriculum. So at the moment, in the social sciences 10 00:00:26,320 --> 00:00:30,040 Speaker 2: curriculum you have toto in New Zealand History, it's supposed 11 00:00:30,080 --> 00:00:33,400 Speaker 2: to also include geography and financial literacy, and that's where 12 00:00:33,440 --> 00:00:36,199 Speaker 2: we will be popping it in. But it will be 13 00:00:36,320 --> 00:00:39,280 Speaker 2: all the way up, so a small dose every year 14 00:00:40,000 --> 00:00:42,920 Speaker 2: to make sure we're building capability across a students time 15 00:00:42,960 --> 00:00:43,440 Speaker 2: at school. 16 00:00:43,880 --> 00:00:47,320 Speaker 1: Look, I feel so cynical about this. I feel like 17 00:00:47,360 --> 00:00:49,159 Speaker 1: parents should be teaching the kids this so that we 18 00:00:49,200 --> 00:00:51,680 Speaker 1: don't have to teach them in schools because schools already crammed. 19 00:00:51,960 --> 00:00:53,040 Speaker 1: Am I being unreasonable? 20 00:00:54,760 --> 00:00:56,960 Speaker 2: Well, there are lots of things that parents should be 21 00:00:57,000 --> 00:01:00,280 Speaker 2: doing and unfortunately we're having to pick up at school, 22 00:01:00,360 --> 00:01:04,080 Speaker 2: like sex education, like oral literacy. I've got young young 23 00:01:04,120 --> 00:01:07,480 Speaker 2: people at EC who are turning up who are five 24 00:01:07,560 --> 00:01:09,520 Speaker 2: years old or four years old, who have the language 25 00:01:09,560 --> 00:01:11,880 Speaker 2: of a two year old. And so there is a 26 00:01:11,920 --> 00:01:14,800 Speaker 2: part of this that is on parents and that we 27 00:01:14,840 --> 00:01:17,400 Speaker 2: do need to help parents understand that you need to 28 00:01:17,440 --> 00:01:21,480 Speaker 2: talk to your children to improve oral language skills. You 29 00:01:21,560 --> 00:01:24,319 Speaker 2: do need to talk to your children about financial literacy 30 00:01:24,360 --> 00:01:26,800 Speaker 2: if you are able. But we have to remember that. 31 00:01:26,959 --> 00:01:29,560 Speaker 2: You know, the reason that our budgeting services are overwhelmed 32 00:01:29,600 --> 00:01:32,080 Speaker 2: is because a lot of adults, in fact, eighty four 33 00:01:32,080 --> 00:01:34,520 Speaker 2: percent of them say that they never received any financial 34 00:01:34,520 --> 00:01:38,319 Speaker 2: literacy training themselves, and so it is an intergenerational thing 35 00:01:38,360 --> 00:01:40,600 Speaker 2: that we need to build capacity. So the schools do 36 00:01:40,680 --> 00:01:42,399 Speaker 2: need to play a part in this, and parents have 37 00:01:42,480 --> 00:01:43,679 Speaker 2: called for it for a long time. 38 00:01:43,880 --> 00:01:46,280 Speaker 1: You make a fair point, Erica, Thank you. I really appreciate. 39 00:01:46,480 --> 00:01:48,120 Speaker 1: Erica stand for the education minister. So there is a 40 00:01:48,160 --> 00:01:49,880 Speaker 1: bunch of stuff we have to teach kids that don't 41 00:01:49,880 --> 00:01:53,280 Speaker 1: get toward school. For more from Heather Duplessy Allen Drive, 42 00:01:53,440 --> 00:01:56,880 Speaker 1: Listen live to news Talks it'd be from four pm weekdays, 43 00:01:56,960 --> 00:01:59,120 Speaker 1: or follow the podcast on iHeartRadio.