Bridging the Knowledge Gap - The Need for Financial Literacy in Schools

Raghav Bhagvandev Devmurari

financial literacy, school curricula, financial education, saving and budgeting, teacher training, curriculum integration, financial decision making, financial awareness

Financial literacy is a primary life skill that helps individual to make conscious and disciplined decision, to manage their finances and money properly, and helps achieve long term financial wellbeing (Lusardi & Mitchell, 2014). Regardless of holding a considerable value, an absence of formal learning of financial education in the schooling of children has led to rampant financial illiteracy (OECD, 2014). This text examines the vital urgency for unifying financial literacy into the formal education, highlighting its prospective impact to mold the conscious and responsible behavior from a young age (NCFE, 2024). Using a theoretical and non-empirical approach, based on secondary data, this text integrates existing literature, it recognizes systemic and class-based barriers to implement and offer a hierarchical curriculum structure that is based on age-based learning (Kimiyaghalam & Safari, 2015; Shankar, 2017). This text addresses challenges such as limited pedagogical training, variable curriculum framework, educational resource variance among schools (Lusardi, 2019). This text ends with the suggestion of a standardized national framework backed by regulating and financial institutions and embedding experimental approaches, learning through gamification, and tech-based learning to ensure deep impact (RBI, 2018; Agu, et al., 2024). Fusing financial literacy in early education is not just a policy making initiative, but a societal and financial necessity, that supports conscious, informed decisions (Lusardi & Messy, 2023).

Published Paper   E-Certificate

"Bridging the Knowledge Gap - The Need for Financial Literacy in Schools", IJSDR - International Journal of Scientific Development and Research (www.IJSDR.org), ISSN:2455-2631, Vol.10, Issue 6, page no.c105-c120, June-2025, Available :https://ijsdr.org/papers/IJSDR2506225.pdf

Volume 10 Issue 6, June-2025

Pages : c105-c120

Paper Reg. ID: IJSDR_303811

Published Paper Id: IJSDR2506225

Downloads: 000526

Research Area: Commerce and Management, MBA All Branch

Country: VADODARA, GUJARAT, India

Published Paper PDF: https://ijsdr.org/papers/IJSDR2506225

Published Paper URL: https://ijsdr.org/viewpaperforall?paper=IJSDR2506225

DOI: https://doi.org/10.56975/ijsdr.v10i6.303811

ISSN: 2455-2631 | IMPACT FACTOR: 9.15 Calculated By Google Scholar | ESTD YEAR: 2016

An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 9.15 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator

Publisher: IJSDR(IJ Publication) Janvi Wave

This work is licensed under a Creative Commons Attribution 4.0 International License and The Open Definition