A Praxis Approach to Financial Literacy Education

Autor/inn/en	Blue, Levon Ellen; Grootenboer, Peter
Titel	A Praxis Approach to Financial Literacy Education
Quelle	In: Journal of Curriculum Studies, 51 (2019) 5, S.755-770 (16 Seiten)Infoseite zur Zeitschrift PDF als Volltext Verfügbarkeit
Zusatzinformation	ORCID (Blue, Levon Ellen) ORCID (Grootenboer, Peter)
Sprache	englisch
Dokumenttyp	gedruckt; online; Zeitschriftenaufsatz
ISSN	0022-0272
DOI	10.1080/00220272.2019.1650115
Schlagwörter	Foreign Countries; Praxis; Money Management; Consumer Education; Teaching Methods; Decision Making; Mathematics Skills; Income; Socioeconomic Status; Gender Bias; Cultural Influences; Values; Psychological Patterns; Social Class; Ethics; Australia + Suchen Sie Ihr Suchwort? Ausland; Konsumerziehung; Teaching method; Lehrmethode; Unterrichtsmethode; Decision-making; Entscheidungsfindung; Mathmatics achievement; Mathematics ability; Mathematische Kompetenz; Einkommen; Socio-economic status; Sozioökonomischer Status; Geschlechterstereotyp; Cultural influence; Kultureinfluss; Wertbegriff; Social classes; Soziale Klasse; Ethik; Australien
Abstract	Financial literacy education (FLE) typically focuses on teaching skills and capabilities that promote individual wealth accumulation--for example, the importance of working, budgeting and saving. In this article, we argue the need to move from an individual wealth accumulation focus in FLE to a praxis approach to FLE. We outline the shortcomings of the conventional approach to FLE and develop a conceptual framework for a praxis approach to FLE. We view praxis as the moral, ethical and caring aspect of teaching. Using the conceptual framework, we argue that a praxis approach to FLE includes full attention to: how financial decision-making affects others and self; acknowledging that some life decisions are not financially rewarding; understanding that improving financial mathematics skills and capabilities may not equate to an increase in income; how SES affects an individual's ability to save and maintain long-term saving; and the ways in which gender, culture, values, psychological state, socioeconomic class and ethics shape identity and their impact on financial decision-making. (As Provided).
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Erfasst von	ERIC (Education Resources Information Center), Washington, DC
Update	2020/1/01