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Financial Literacy for Youth

This section outlines the important of financial education for youth, a core competencies framework, examples of financial education curriculum, and projects in this sector. 

 

Parents spend much time preparing their children, mentally, spiritually, physically and emotionally for the demands of adulthood. However, an FSB study found that young people are not adequately prepared to make sound financial decisions. This was shown in the low scores achieved by youth in the areas of financial control (42%), financial planning (40%) and product choice (40%).  The empowerment of youth to be financially literate is central to breaking the cycle of over-indebtedness and poor money management.

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Growing our young people. Growing our future.

Growing our young people. Growing our future.

Sparrow Schools in Johannesburg, Gauteng, opened its doors
 25 years ago to help children and youth with learning disabilities from disadvantaged homes. Their goal is to see that children and youth with barriers to learning are equipped with education and employable skills so that they can earn an income. This is done by following a holistic approach that includes comprehensive education, vocational skills training and intensive learner support initiatives. Sparrow Schools is just one of the projects aiming to support young people, funded by the MMI Foundation.

Curriculum for youth financial literacy education

These useful guides are aimed at anyone wanting to introduce financial literacy concepts to children and teens. 

Core Competencies Framework on Financial Literacy for Youth - OECD/INFE

This document discusses the objectives and key components of the Core Competencies Framework on Financial Literacy for Youth developed by the OECD International Network on Financial Education (OECD/INFE), and presents the exible, outcome-based, core competencies framework itself. 

Financial literacy and youth entrepreneurship in South Africa

Financial literacy and youth entrepreneurship in South Africa

The purpose of this paper is to assess the level of financial literacy and impact on youth entrepreneurship in South Africa.

The paper used both desk research and questionnaire complemented by interview to assess the level of financial literacy among youth entrepreneurs in the Vhembe District of the Limpopo Province, South Africa.

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