Financial Education in Malaysian Primary Schools Curriculum

Abstract

Statistics from the Insolvency Department of Malaysia (IDM), (2020) have stated that a total of 84,805 individuals have been declared bankrupt in the five years from 2015 to December 2019. Malaysian Ministry of Education (MOE) is responsible for developing young people who are financially literate and smart in managing personal finances through the Strategy initiative National Financial Literacy 2019-2023. In line with efforts to instill good values from a young age, MOE has integrated elements of Financial Education in the school curriculum gradually, systematically, and comprehensively since 2014. Financial Education contents were explicitly written in primary school Mathematics Standard-Based Curriculum and Assessment Document (DSKP).