It is no small oversight that children and teenagers are taught next to nothing about money, debt and risk while they're in public school. It is like sex education used to be - they can pick it up on the street.
Now a financial literacy task force, struck by Finance Minister James Flaherty when the bottom fell out of the world economy in 2009, is recommending that all provinces and territories make financial learning a priority, beginning in elementary school.
It's so good an idea one wonders why it is so late coming. Literacy is the world's great equalizer, and yet financial literacy has been neglected. Six in 10 Canadians said in a September poll that they would be in financial trouble if their paycheque was delayed by just one week. The risk that underlies entrepreneurship or even borrowing for higher education may be foreign to those raised to live week to week. Financial literacy can help produce equity - both kinds - and deserves a place in every young person's education.
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