Presentation on theme: "ENGLISH FOR FINANCIAL LITERACY Presented by: Catherine Lawrence Margaret Stasiak (Toronto Catholic District School Board)"— Presentation transcript:
ENGLISH FOR FINANCIAL LITERACY Presented by: Catherine Lawrence Margaret Stasiak (Toronto Catholic District School Board)
Financial literacy quiz answers and results 1. c (51%) 2. d (38%) 3. a (81%) 4. d (57%) 5. b (43%) 6. a ( 94 %)
Fact or fiction? quiz answers and results 1.Fiction. 1 in 3 Canadians have not made any investments or have any savings. 2.Fiction. 49.8% of Canadians had difficulty with simple tasks involving numbers and basic math. 3.Fiction. 55% of men felt they would have enough money for their retirement needs, compared to only 46% of women. 4.Fact. 19% of Canadians and 29% of those under the age of 25 felt that making minimum payments on their credit cards would allow them to pay off their debt quickly. 5.Fiction. 78% of Canadian parents agree that teaching children financial skills is essential. But less than half have actually taught their children about managing and investing their money.
What is financial literacy? The report of the task force defines financial literacy as “having the knowledge, skills and confidence to make responsible financial decisions”.
Task Force on Financial Literacy and Canadian Centre for Financial Literacy: findings and recommendations Newcomers as a very diverse group: ▫wide spectrum of wealth, education and literacy levels ▫varied norms, attitudes and experiences with money ▫rely on social network; distrust financial institutions ▫key barriers: language proficiency, cultural assumptions related to financial issues the Government of Canada to provide relevant financial information and education services for recent newcomers to Canada through: ▫orientation services ▫the Immigrant Settlement and Adaptation Program ▫the Language Instruction for Newcomers to Canada Program
Project needs assessment Instructor survey Learner survey Focus groups
English for Financial Literacy integrates financial literacy topics with LINC/ESL curriculum provides curriculum framework and classroom materials activities designed to provide practice in language and skills underlying financial literacy focus on skills and information support for instructors: background information
Organization of document Three volumes: ▫ Volume 1: ESL Literacy, CLB 1, and CLB 2 ▫ Volume 2: CLB 3, CLB 4, and CLB 5 ▫ Volume 3: CLB 6, CLB 7 and CLB 8 Each volume to be accompanied by an audio CD Volume 1 and 2 to include supplementary numeracy section Online activities to accompany print version
Each volume will include the following sections: Banking Consumer Affairs Education Employment Housing Personal and Family Finances
Each theme-based section will include: Planning framework Activities: grouped by topics Teaching notes