Financial literacy advances as its own discipline in a pilot project in seven schools

Financial literacy will be taught as a subject in seven schools that will participate in a pilot project that will be launched in the next academic year, the Deputy Secretary of State for Education announced this Wednesday (10).

“Financial literacy is already mandatory through citizenship education. It will exist as a subject in a pilot project that will be launched in the next academic year”, revealed Alexandre Homem Cristo, specifying that they will be seven schools were involved.

According to the Secretary of State, heard at a regulatory hearing in the Assembly of the Republic, the project, within the scope of the second Pedagogical Innovation Pilot Project that will be presented soon, will focus on secondary education.

“We will be able, through this pilot, to understand the impact and reaction that students have to the subject. What works will be scaled up”, said Alexandre Homem Cristo, remembering that the topic is already included in the curriculum in the subject of Citizenship and Development.

During the hearing, at the parliamentary committee on Education and Science, the Secretary of State recognized the need to improve student performance in terms of financial literacy, confirmed by the results recently released by PISA 2022 .

In this assessment, Portuguese students obtained 494 points, on a scale of zero to 1,000, in line with the Organization for Economic Co-operation and Development (OECD) average, but slightly worsened in relation to the previous assessment, in 2018. The results place Portugal in 9th place in a list of 20 countries.

The Minister of Education, Science and Innovation himself had already stated that it is necessary to improve students’ knowledge of financial literacy, considering that “being on the OECD average is not enough” and recognizing the importance of schools and teachers in this process.

When the results were announced at the end of June, Fernando Alexandre recalled that a “learning review process” is taking place and, in this sense, “financial literacy will be reinforced “, especially because if students are “not so bad” in their attitudes and behaviors, the same cannot be said in relation to knowledge, where there is still “a huge space §o to improve”.

The OECD study revealed that young Portuguese people have less contact with financial products and activities – only 38% had a bank account (the OECD average is 63%) and only 27% had a debit card or credit (compared to 62% of the OECD) -, but they stand out when it comes to comparing prices.


Francesco Giganti

Journalist, social media, blogger and pop culture obsessive in newshubpro

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