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    High-School-Schüler in Ontario müssen bald einen Finanzkompetenztest bestehen, um ihren Abschluss zu machen

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    1. Bognosticator on

      They’ll still complain that it’s information they’ll never use in real life

    4. Titsfortuesday on

      They teach you financial literacy in careers class now? I don’t remember being taught any of that. It was definitely one of my biggest complaints about high school.

      Edit: This was around 15 years ago, maybe I just had a shit teacher.

    5. crimsontape on

      GOOD. FINALLY.

      If you can’t understand the basics of compound interest, you’re ripe to get taken for a ride.

    7. konathegreat on

      Sounds discriminatory.

      If they learn financial responsibility, won’t that eliminate them from ever getting a job in politics?

    8. BitchMagnets on

      Careers was bloody useless, the only thing I remember from that was some colour test. It should be its own course. Financial literacy will follow you from the day you start working to the day you die. It’s not something you can teach in a week.

    11. 6-feet_ on

      Albertan. Why do I feel like I learned about compounding interest in grade 7 for mortgages/loans and investing. When we we’re also told that the average person earns 1 million dollars in their lifetime. (Thanks past that at 40 still not happy about my finances)

      We also had Career and Life Management (CALM) class in grade 10 that was mandatory, no one took seriously. Take care of this egg for a week or 2, now a electronic baby. With house hold budgeting based on a career picked from a hat.

      How have other provinces not been teaching these things? Or is it that the students just didn’t care at the time.

    12. CanNeverBeTooHigh on

      itd funny if everyone becomes financially literate enough to realize that without an already existing large pile of money to start out with the deck is stacked in such a way that the odds are you will never own a home let alone be mortgage free.

    13. Due-Bookkeeper-2001 on

      Biggest W they could have done

      I had to research into YouTube videos and The Wealthy Barber book to learn about finance and investing at the age of 29 at the beginning of January this year when I could have been doing this since I was a teenager, but my parents never learned about money because nobody taught them so ofc I didn’t learn anything until I realized I didn’t wanna work everyday and still be/feel broke.

      Teenagers need to understand money, compound interest and time so I’m all for this, sad it took us this long enough.

    14. No-Journalist-9036 on

      I’m curious how Canada remains in top 20 of PISA tests if our literacy and numeracy skills are wanting…

    15. FoxDieDM on

      It should be… it’s an important life lesson on how you should manage your own personal finances. It’s a win for future generations, so they don’t fall into the same credit traps others do.

    16. laugrig on

      Financial literacy test should include understanding that’ll you’ll be a tax slave for corrupt/special interests groups siphoning taxpayer money for the rest of your life unless you leave this country.

    17. EkruGold on

      Seeing how they’re at an average of somewhat understanding 6th grade math, I think this is long overdue.

    18. Sylvus_ on

      This should be mandatory for anyone using the financial benefits of Canada as well. We need to increase financial literacy tenfold.

    19. RomanPotato8 on

      Finally! I work in lending for small businesses in rural ON and the amount of small business owners who have never done a budget is way too many.

    20. 8fmn on

      Careers is a half credit course. The entire course is going to become just a prep for this test and the test itself.

      Financial literacy is important. It should be taught in high school curriculum. I don’t think this is the best way to do it. If we hadn’t destreamed math it would have been easy to add it in there. Destreamed subject teachers are drowning in differentiating their course content for too wide of a range of student abilities. Speaking as a destreamed Science teacher.

    21. Beneficial-Ride-4475 on

      Well, that’s actually an intelligent move. I have to say I’m a little surprised.

    22. Jizzaldo on

      If that’s the case, liberals are gonna start having a difficult time getting elected in the future.

    24. KelVarnsen_2023 on

      Here is the first question on the test:

      If a round trip full fare business class flight from Toronto to Ottawa costs $1,566 when booked the day before; how many flights do you have to take before buying a $30 million private jet becomes the better financial option?

    25. Captain-Joystick on

      I took an extra year in high school (mine was the first year that abolished grade 13) and made a point of taking a math class so I wouldn’t have any missed math year on my college application – ended up taking ‚Mathematics of Personal Finance‘ so that it would be easier to get a good grade but it honestly was the single most useful course I think I ever took.

      They thought you how to budget, how credit works, interest rates compounded over different amortization rates, it was immediately relevant to everybody in that class, nobody was zoning out while the teacher geeked out over quadratic equations, it frankly should be mandatory. 

    26. zivlynsbane on

      Teach them that taking a course in college/university that’s completely saturated in the work force is not a good idea.

    27. tissuecollider on

      Step 1 – Take one drug dealing kid
      Step 2 – wait till his rich dad dies
      Step 3 – inherit
      Step 4 – declare yourself financially savvy

      It’s the Ford way!

    29. stereofonix on

      This is a good thing. They should also really explain the perils of getting sucked into unnecessary credit when they turn 18. I know far too many that got sucked into their first visas at 18 and destroyed their credit for most of their 20s

    31. rubber2ice on

      I went to school with a guy who had a tshirt that said: „How can I be overdrawn, I still have cheques left“ 🙂

    32. Objective-Alps-4785 on

      a lot of kids are doomed to fail i see unless the testing has gotten easier since I was in HS.

    33. 112iias2345 on

      One of the questions should be the cost analysis of these useless University degrees society has been pushing (and OSAP funding) the last 20+ years…

    35. UwUHowYou on

      Going to love the part when its

      „Rent should be no more than 30% of your income“
      „Transportation..“

      Etc.

    36. dagthegnome on

      When I was in high school in Ontario 20 years ago, the college-stream Grade 11 math course was all about personal finance. The year after I took it, they got rid of it and replaced it with a curriculum full of abstract math that no one who planned to attend college instead of university would ever need.

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