Status of Consumer Education and Financial Education in Canada (2016)

• Published in: Canadian journal of education 2018-10, Vol.41 (2), p.601-632
• Main Author: McGregor, Sue L. T.
• Format: Article
• Language: English
• Subjects: Analysis; Basic Business Education; Citizen Participation; Consumer behavior; Consumer Education; Consumer protection; Content Analysis; Core curriculum; Economics; Economics Education; Financial literacy; Financial planning; Foreign Countries; Home economics; Literacy; Money Management; Poverty; Secondary Education; Secondary School Curriculum; Social Studies; State Policy; Statistical Analysis; Studies; Unemployment; Urban Areas
• ISSN: 0380-2361; 1918-5979; 1918-5979

This article reports on the status of consumer education in Canada in 2016 (junior and senior high), relative to the 2015-initiated federal national financial education/literacy strategy. Questions addressed: (1) Is it necessary to have separate financial education curricula when consumer education is available? and (2) Are the existing consumer education curricula adequate? After conceptualizing consumer education and literacy relative to financial education and literacy, a content analysis of provincial and territorial education documents identified 64 courses containing consumer-related content in seven subject areas. The majority (73%) of the 216 instances of consumer-related content—mostly (68%) found in home economics/family studies, social studies, mathematics, and business—pertained to resource management, with equal coverage for each of citizen participation (14%) and decision making (13%). Most (73%) of the courses were not offered until senior high. Results confirmed a fragmented and inconsistent approach to consumer education across subject areas, grade levels, provinces/territories, and regions. To stimulate dialogue, the national financial education strategy is framed as a stop-gap measure until there is political will for a pan-Canadian consumer education curriculum, predicated on the assumption that consumer education (not financial education) better prepares citizens for any future global depression. Cet article fait état du statut de l’éducation à la consommation au Canada en 2016 (dans les écoles secondaires), concernant le plan de stratégie nationale pour la littératie financière amorcé en 2015. Les questions suivantes sont traitées : (1) est-il nécessaire d’avoir des programmes d’éducation financière indépendants alors qu’une éducation à la consommation est offerte? (2) Les curriculums d’éducation à la consommation actuels sont-ils adéquats? Après une mise en contexte de l’éducation à la consommation et des concepts relatifs à la littératie financière, une analyse de contenu de documents provinciaux et territoriaux mène à l’identification de 64 cours ayant un contenu en rapport avec la consommation dans sept disciplines. La majorité (73 %) des 216 occurrences qui touchent le consommateur—principalement (68%) retrouvées en économie familiale, études sociales, mathématiques et affaires—se rapportent à la gestion quotidienne des ressources de manière responsable, accordant une importance égale à la participation citoyenne (14%) et à la pr