Financial literacy is the ability to understand how money works. Think of it as having a specific set of skills that allows the individual to make informed decisions using financial resources. One of the goals of the newly established K-12 curriculum is to promote a more practical education—so does this mean financial literacy should be included in a senior high schooler’s study list, too?
Senator Sherwin Gatchalian thinks financial literacy should be included in the Senior High School (SHS) curriculum. He believes that doing so could help the youth be educated “against investment schemes early,” reads an Inquirer report.
In a Senate interview, he further added, “I think pwede nating umpisahang pag-usapan ito sa high school dahil karamihan ng mga high school, especially in our system, mag-ta-trabaho na yan.”
This plan has been ignited in the middle of the Ponzi scheme that was allegedly executed by Kapa-Community Ministry International Inc. (Kapa), a religious corporation in Surigao del Sur. A Ponzi scheme is defined as a fraudulent scam that promises “high rates of return with little risk to investors.”
Art by Marx Fidel