This article argues the importance of teaching students about the philosophical and mathematical underpinnings of Australia's superannuation system as an example of a real-world problem context. It also provides a rationale for teaching financial modelling and decision-making in ways that respect the diverse financial realities represented in…

This article from Carly Sawatzki and Peter Sullivan encourages schools and teachers to consider ways to embed financial literacy tasks in mathematics lessons more often, and includes an authentic task to try with your students.

The economic fallout from the COVID-19 pandemic is exposing more and more Australians to financial loss, hardship and poverty. Even primary-aged students may be privy to conversations about unemployment, business closures, household budgeting, and difficulties making ends meet. Mathematics is a powerful tool that can raise awareness of inequity…

What could two people stand to gain from sharing a taxi ride? We aimed to explore the extent to which this challenging yet accessible financial context might stimulate students' mathematical exploration of multiplicative thinking and proportional reasoning. Through teaching experiment methodology, data were collected from 37 Year 5 and 6 students…

This article examines some of the complexities associated with developing financially literate, enterprising young Australians through school education. We aimed to explore what seems to influence students in pricing goods for sale within their school community. Data were collected from more than 300 years 5 and 6 students (10-12 years of age) in…

This article reports the findings of classroom research exploring the potential of posing challenging mathematical problems situated in real-world financial contexts to activate mathematical knowledge, skills and reasoning. The Organisation for Economic Cooperation and Development (OECD) Programme for International Student Assessment (PISA) 2012…

As part of ongoing design-based research exploring financial literacy teaching and learning, 10 tasks termed "financial dilemmas" were trialled by 14 teachers and more than 300 year 5 and 6 students in four government primary schools in urban Darwin. Drawing on data related to three tasks--"Catching the bus," "Laser…

This article reports the findings of a study using tasks where a family orders and considers sharing the cost of a "Fish n Chips" meal. Purchasing take-away food is an example of an everyday situation where literacy and numeracy must be applied to make sense of tabulated price information. Originally developed for use in Australia, the…

In this paper, I explore data collected from more than 300 Year 5 and 6 students in four government primary schools in urban Darwin. Students were asked to respond to real-world problem contexts involving fundraising as an example of an enterprise activity. The findings reveal that familiarity with the problem context, personal values, and…

As part of ongoing design-based research exploring financial literacy teaching and learning, ten tasks termed "financial dilemmas" were trialled by 14 teachers and more than 300 Year 5 and 6 students in 4 government primary schools in urban Darwin. Drawing on data related to two tasks--"Catching the bus" and "Buying…

Everyday financial dilemmas require us to draw on social, interdisciplinary, and mathematical understandings simultaneously and in synergy if we are to make informed financial decisions. Financial literacy is enjoying an elevated status across the "Australian Curriculum." This paper reviews some of the literature on financial literacy,…

This article reports the findings of research involving more than 30 teachers and their Year 5 and 6 students in 16 Victorian primary schools. The participants experienced an educational intervention where the "Money and Financial Mathematics" substrand of the "Number and Algebra" content strand was taught and learned through…

This paper reports the findings of research into an educational intervention featuring open-ended mathematical problems situated in "real life" contexts and associated pedagogies. "Money and financial mathematics" is the topic in focus, with tasks termed "financial dilemmas" being trialled by 35 teachers in 16…