Financial
Literacy:
NZQA’s
perspective
Current state
•
Unit standards initially published in 2008, recently republished to
include merit and excellence grades
•
Assessment support material being rolled out to support graded
standards
•
Aligned to CFLRI framework
•
Study of personal financial management can contribute evidence
towards NCEA literacy and numeracy requirement
•
Some personal financial management unit standards are included
in Vocational Pathways www.youthguarantee.net.nz
What do we know?
Total secondary students with one or more results in Personal Financial Management unit
standards
Secondary Students
6,000
5,204
5,000
4,521
4,000
3,727
2,813
3,000
2,000
1,874
1,000
0
2009
2010
2011
2012
2013
What do we know? (2)
Year 11 students with one or more results in Personal Financial Management unit standards
70,000
59,917
60,755
60,000
59,837
57,715
57,863
50,000
40,000
Financial management
Total Year 11 Cohort
30,000
20,000
10,000
660
1,138
1,525
1,904
2,086
0
2009
2010
2011
2012
2013
What do we know? (3)
Year 11 students by ethnicity with one or more results in Personal Financial Management
1000
924
900
800
729
700
590
600
Asian
522
500
NZ Maori
Other/Unspecified Ethnicity
400
300
NZ European
466
354
325
323
302
248
348
320
309
298
271
213 210
200
177
129
100
88
18
36
39
41
33
0
2009
2010
2011
2012
2013
Pasifika Peoples
What do we know? (4)
132
96
369
264
145
162
179
129
2013
156
Year 11 students by decile with one or more results in Personal Financial Management
402
118
134
354
55
115
131
259
144
2012
125
Decile 1
426
Decile 2
Decile 3
93
26
97
204
379
82
2011 68 86
113
Decile 4
Decile 5
358
Decile 6
25
22
45
408
197
2010 56 75
96
42
Decile 7
Decile 8
167
Decile 9
2009 4727
0
401
20
35
28
3
1
14
Decile 10
82
500
1000
1500
2000
2500
Opportunities
• Graded standards enable award of endorsement NCEA and/or course
• Increased collaboration and alignment between
organisations delivering financial education
- Young Enterprise Trust
- Bamzonia
- The Skills Organisation (ITO)
• Further exploration of data to………..
Further information
E mail: nqs@nzqa.govt.nz
Youth guarantee: www.nzqa.govt.nz/yg