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Speaker 1: So financial literacy will be taught to years one to

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Speaker 1: ten in New Zealand from next year. This is income,

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Speaker 1: it's spending, it's saving, its interest, tax, insurance, you name it.

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Speaker 1: Money Me CEO Neil Edmund is with me this morning

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Speaker 1: to discuss Neil, good morning.

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Speaker 2: Good morning Ryan. How are you very well?

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Speaker 1: Thank you? What's the level of financial literacy at the moment? Like,

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Speaker 1: you know, how much do they know about money?

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Speaker 2: Well? I know some there's various programs available in schools

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Speaker 2: for quite a while now, but unfortunately it just hasn't

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Speaker 2: been very clear in the curriculum exactly where personal finance

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Speaker 2: is to be taught or how and so it's just

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Speaker 2: really heartening to see that the Ministery of Education is

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Speaker 2: coming out and saying that they've been getting a lot

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Speaker 2: clearer about what is to be taught and where. So

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Speaker 2: I think it's a really good thing.

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Speaker 1: Yeah, and they're doing It's going to be compulsory, there's

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Speaker 1: going to be resources going to all schools. What do

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Speaker 1: you think this will do for the kids and for

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Speaker 1: future generations of kit.

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Speaker 2: I think it's going to have a massive impact because

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Speaker 2: financial education and financial literacy is something that every single

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Speaker 2: person relies on as they go through life, they learn

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Speaker 2: how to manage their money and make the best use

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Speaker 2: of it. And up until now it hasn't been really

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Speaker 2: clearly promoted. I guess would they're better with good word

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Speaker 2: to use in schools, and so now that it is

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Speaker 2: going to be going forward, they're just going to be

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Speaker 2: the position to make a lot better financial decisions. They're

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Speaker 2: not going to have to do the trial and error

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Speaker 2: that we all had to do we were growing up

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Speaker 2: into adults.

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Speaker 1: You provide resources to seven hundred and fifty schools, What

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Speaker 1: are the kids, what are they most surprised to learn about,

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Speaker 1: or what do they like learning about?

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Speaker 2: I think the feedback that we get from the kids

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Speaker 2: is they like pretty much all of it because they

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Speaker 2: realize that it's going to be things that they can

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Speaker 2: use in their own lives going forward. If they're not

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Speaker 2: sort of it's not abstract things like economics or difficult

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Speaker 2: things to get their heads around, like trigonometry. It's actually

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Speaker 2: real life stuff that they know that they're going to use.

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Speaker 2: And so we find that the kids are actually genuinely

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Speaker 2: enthusiastic about learning it, which is great.

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Speaker 1: Do you who's most keen to learn about it. Do

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Speaker 1: you find kids who already have money or kids who don't.

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Speaker 2: I think it's a combination of both. Kids that do

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Speaker 2: have money, it's really important that they learn what to

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Speaker 2: do with it so that they can use it effectively,

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Speaker 2: so that they can they end up being generally being

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Speaker 2: the economic main economic contributors to driving the economy for it,

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Speaker 2: and certainly the kids that don't have it, it's important

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Speaker 2: that they know it because it's a way of helping

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Speaker 2: them get out of their current situation into a better one.

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Speaker 1: Neil, appreciate your trying This morning Money me CEO Neil

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Speaker 1: Edmund For.

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Speaker 2: More Family Edition with Ryan Bridge, Listen live to News Talks.

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