<abstract xmlns="http://www.w3.org/1999/xhtml">

<p>Learning about effective ways to manage money is a 21st century skill and the focus of financial literacy education (FLE) initiatives globally. Individuals deemed to have lower levels of financial literacy are often the targets of financial literacy workshops/programs. In this research paper the key outcomes are identified from a qualitative study that explored the FLE practices <italic>with</italic> an Aboriginal community in Canada (that the author is a member of). This includes conceptualising what influences financial decision-making and the role of culture and context in financial literacy education <italic>with</italic> a Community instead of <italic>for</italic> a Community. Discussed is the importance of adopting a <italic>praxis approach to FLE</italic> and integrating <italic>site based education development with</italic> Community members instead of imposing education <italic>on</italic> individuals. Last, outlined in this paper is how the above findings may offer insights for financial educators and/or planners participating in financial literacy education and engaging <italic>with</italic> Aboriginal clients.</p>
</abstract>

Learning about effective ways to manage money is a 21st century skill and the focus of financial literacy education (FLE) initiatives globally. Individuals deemed to have lower levels of financial literacy are often the targets of financial literacy workshops/programs. In this research paper the key outcomes are identified from a qualitative study that explored the FLE practices with an Aboriginal community in Canada (that the author is a member of). This includes conceptualising what influences financial decision-making and the role of culture and context in financial literacy education with a Community instead of for a Community. Discussed is the importance of adopting a praxis approach to FLE and integrating site based education development with Community members instead of imposing education on individuals. Last, outlined in this paper is how the above findings may offer insights for financial educators and/or planners participating in financial literacy education and engaging with Aboriginal clients.

Financial Literacy Education <italic>with</italic> Aboriginal People: The Importance of Culture and Context

Financial Planning Research Journal

This work is licensed under the Creative Commons Attribution 4.0 International License.

Financial Literacy Education  Aboriginal People: The Importance of Culture and Context

Learning about effective ways to manage money is a 21st century skill and the focus of financial literacy education (FLE) initiatives globally. Individuals...

Financial Literacy Education with Aboriginal People: The Importance of Culture and Context

Published Online: Mar 17, 2024

Page range: 91 - 105

Received: Aug 08, 2016

Accepted: Oct 03, 2016

DOI: https://doi.org/10.2478/fprj-2016-0006

© 2016 Levon Blue, published by Sciendo

This work is licensed under the Creative Commons Attribution 4.0 International License.