Updating Existing In-school Financial Literacy Programmes Given Ready Availability of Financial Credit to Young People

Debated in Parliament on 10 Jan 2024.

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Assoc Prof Razwana Begum Abdul Rahim questioned whether MOE would review existing financial literacy programmes given the easy access to credit for young people.
Chan Chun Sing stated that MOE regularly updates these programmes, citing a 2023 review for secondary levels.
He noted that polytechnics and ITE require mandatory financial education modules covering savings and borrowing costs.
Autonomous universities offer financial education through course modules and campus activities focused on money management.
The overall response indicates ongoing efforts to ensure financial literacy programmes remain relevant amid changing financial conditions.

Questions identified by AI (learn more)

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Assoc Prof Razwana Begum Abdul Rahim

Assoc Prof Razwana Begum Abdul Rahim asked the Minister for Education with regard to the availability of financial credit to young people, whether the Ministry is considering reviewing existing in-school financial literacy programmes to ensure their relevance and effectiveness.

Chan Chun Sing

The Ministry of Education (MOE) regularly reviews its financial literacy programmes to keep up to date with the evolving financial landscape. For example, the most recent review for the secondary level was in 2023.

At polytechnics and the Institute of Technical Education, students take mandatory financial education modules, which cover key concepts like savings and costs of borrowing. At the autonomous universities, financial education is available through course modules in finance and investment, as well as various campus activities, which build awareness of good money management and financial planning.

Summary written by AI (learn more)

Assoc Prof Razwana Begum Abdul Rahim questioned whether MOE would review existing financial literacy programmes given the easy access to credit for young people.
Chan Chun Sing stated that MOE regularly updates these programmes, citing a 2023 review for secondary levels.
He noted that polytechnics and ITE require mandatory financial education modules covering savings and borrowing costs.
Autonomous universities offer financial education through course modules and campus activities focused on money management.
The overall response indicates ongoing efforts to ensure financial literacy programmes remain relevant amid changing financial conditions.

Questions identified by AI (learn more)

Updating Existing In-school Financial Literacy Programmes Given Ready Availability of Financial Credit to Young People | PAPERCUTS

Updating Existing In-school Financial Literacy Programmes Given Ready Availability of Financial Credit to Young People

Debated in Parliament on 10 Jan 2024.

Summary written by AI (learn more)

Assoc Prof Razwana Begum Abdul Rahim questioned whether MOE would review existing financial literacy programmes given the easy access to credit for young people.
Chan Chun Sing stated that MOE regularly updates these programmes, citing a 2023 review for secondary levels.
He noted that polytechnics and ITE require mandatory financial education modules covering savings and borrowing costs.
Autonomous universities offer financial education through course modules and campus activities focused on money management.
The overall response indicates ongoing efforts to ensure financial literacy programmes remain relevant amid changing financial conditions.

Questions identified by AI (learn more)

Full Transcript

Assoc Prof Razwana Begum Abdul Rahim

Chan Chun Sing

Summary written by AI (learn more)

Assoc Prof Razwana Begum Abdul Rahim questioned whether MOE would review existing financial literacy programmes given the easy access to credit for young people.
Chan Chun Sing stated that MOE regularly updates these programmes, citing a 2023 review for secondary levels.
He noted that polytechnics and ITE require mandatory financial education modules covering savings and borrowing costs.
Autonomous universities offer financial education through course modules and campus activities focused on money management.
The overall response indicates ongoing efforts to ensure financial literacy programmes remain relevant amid changing financial conditions.

Questions identified by AI (learn more)

Updating Existing In-school Financial Literacy Programmes Given Ready Availability of Financial Credit to Young People

Summary

Questions Identified

Full Transcript

Assoc Prof Razwana Begum Abdul Rahim

Chan Chun Sing

Summary

Questions Identified

Updating Existing In-school Financial Literacy Programmes Given Ready Availability of Financial Credit to Young People

Summary

Questions Identified

Full Transcript

Assoc Prof Razwana Begum Abdul Rahim

Chan Chun Sing

Summary

Questions Identified