Financial Literacy Lessons to Be Introduced in Russian Schools

Teaching financial literacy will become compulsory for Russian schools. Various elements of this discipline have already appeared in the new educational standards, RIA Novosti reports. In the elementary grades, it will be included in the programme of Mathematics and from the fifth to the ninth grades, it will be added to Social Studies and Geography.  

It is clarified that the new rules will take effect from September 1, 2022, and, if parents wish, from this year. In addition, from the very first grade, children will be taught safe behaviour on the Internet, including when making payments and transfers. Also, they will tell them how to analyze family income and expenses and draw up a personal financial plan.

It is also noted that some of the mathematical tasks will be related to the calculation of prices for goods and services, another block will touch upon taxation issues, and in geography lessons, they plan to discuss definitions of the quality of life and financial well-being. In addition, Russian schoolchildren will have to learn how to independently compose and fill out simple forms of documents, for example, applications, appeals, declarations, or powers of attorney (including their electronic form).

Ru-Main, 08.07.2021 

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