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Saturday, January 28, 2023

Province boosts grants for groups delivering financial literacy programming – Edmonton Journal

‘Now more than ever, it is essential to understand how money works,’ education minister says
The Alberta government is boosting grants to third-party organizations to expand financial literacy programs, Education Minister Adriana LaGrange announced Thursday.

Three educational organizations will get $5 million over three years as part of the Alberta at Work job training and career development program first announced in February’s budget.

Enriched Academy will receive $900,000 per year and the Canadian Foundation for Economic Education will get $500,000 per year to expand their financial literacy programs in grades 7 to 12, an increase of $200,000 for each organization from last year.

Junior Achievement will receive $250,000 per year, up from a previous $200,000 in 2021, to work with teachers to help provide programming for grades 3 to 6 as part of the new physical education and wellness curriculum that’s rolling out in classrooms this September.

LaGrange said teachers will have the flexibility to decide how to best use resources according to the specific needs of their students, and estimated the programming will impact more than 360,000 students across the province.

“Now more than ever, it is essential to understand how money works, and it’s never too early to learn important skills such as how to save, borrow, budget and invest,” said LaGrange.

Edmonton Catholic school board chairwoman Sandra Palazzo said at the government event there are 30 teachers in the division who already use Enriched Academy’s resources.

“The educational focus on financial literacy is extremely important as our children and students have grown up in a time in history when finances and economic realities are front and centre,” she said.



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