Archived - Harper Government Stresses the Importance of Financial Literacy for Youth on Talk With Our Kids About Money Day
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Minister of State (Finance) and Financial Consumer Agency of Canada Commissioner underscore benefits of teaching children to manage their money
April 15, 2014 – Ottawa, Ontario – Department of Finance
Minister of State (Finance) Kevin Sorenson and Financial Consumer Agency of Canada (FCAC) Deputy Commissioner Brigitte Goulard today joined students and teachers in Ottawa to underscore the importance of financial literacy among youth on Talk With Our Kids About Money Day, which is being highlighted at hundreds of schools across Canada.
Talk With Our Kids About Money Day is an annual event to encourage parents and educators to take the time to discuss with young people the importance of financial literacy, from managing pocket money to knowing about more complex financial tools that they will be using later in life. As part of Talk With Our Kids About Money Day, FCAC has made available on its website a number of interactive tools.
With the generous support of BMO Financial Group, the Canadian Foundation for Economic Education (CFEE), a non-profit organization, launched this annual initiative. CFEE has developed a program used at home and in schools across Canada that equips parents, guardians and teachers with a wide range of information, activities and resources to ensure that children develop the knowledge and skills necessary to manage their personal finances throughout their lives.
- CFEE launched Talk With Our Kids About Money Day last year as an annual event taking place on the third Wednesday in April. It has developed a program to help children learn how to manage their personal finances.
- CFEE maintains a database of more than 5,000 classroom teachers, which means its resources and programs have the potential to reach approximately 300,000 students across Canada each year.
- An estimated 400 schools across Canada took part in Talk With Our Kids About Money Day in 2013.
- CFEE has distributed close to half a million copies of resource materials for use by educators in schools across Canada.
“Understanding how to manage money is one of the most important life skills parents and teachers can show our kids, and it’s never too early to start. I applaud the hundreds of schools across Canada that are actively taking up this challenge and are participating in this year’s Talk With Our Kids About Money Day. While every day is a good day to talk with our kids about money, this tremendous initiative will help get that conversation started.”
- Kevin Sorenson, Minister of State (Finance)
“Kids at any age need to learn the basics of money management. By equipping them with a solid understanding of the value of money and the difference between needs and wants, they can be well positioned for adulthood.”
- Lucie Tedesco, Commissioner of the Financial Consumer Agency of Canada
- Video: Minister of State Sorenson on the Importance of Financial Literacy
- Economic Action Plan 2014
- Financial Consumer Agency of Canada
- Canadian Foundation for Economic Education
Office of the Minister of State (Finance)
Department of Finance