Content-type: text/html Downes.ca ~ Stephen's Web ~ Rethinking the assumptions of our financial education

Stephen Downes

Knowledge, Learning, Community

I like this article because it shows how some kinds of education are entrenched in a reality that no longer exists (if, indeed, it ever did). For example: "why are we still doing 'Buy a Car' worksheets which often don't put emphasis on the emissions of these cars, or the option to not participate and take public transport instead?" Why, indeed? Financial education, argues the author, should be redesigned to accommodate changes to people's current financial situations and financial prospects, changes to our understanding of the importance of ecological and social factors, the role of cultural factors in access to financial products, and developments in our knowledge of how we make decisions. I think that people are losing patience with the idea that being 'rational' means thinking only about money, without respect to social, ethical and cultural values.

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Stephen Downes Stephen Downes, Casselman, Canada
stephen@downes.ca

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Last Updated: Apr 24, 2024 11:54 p.m.

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