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Youth Development

Financial literacy matters; helping students to learn about the power of money

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BY PAUL JUNOR

Financial literacy has become very important to the younger generation in all grades, levels and areas of school. The role that money plays in their lives has become a priority as issues around money management and fiscal responsibility has become significant in their social, economic and financial world. According to Investopedia it is explained as, “The education of various financial areas including topics related to managing personal finance, money and investing.” According to Wikipedia, “It is the possession of skills and knowledge that allows an individual to make informed and effective decisions with all financial resources.” Financial literacy is thus a basic life skill that is integral to one’s economic life and enables the individual to plan, organize, budget, coordinate and control one’s future and destiny.

The ministry of education has recognized the importance of financial literacy in student’s lives and has taken steps to ensure that the students acquire fundamental knowledge and skills with respect to the wise and mature use of money. The government has seen fit to emphasize the teaching of financial concepts to elementary school students across the curriculum in subjects such as: social studies, history, geography, Canadian and world studies programs as well as mathematics. According to a ministry of education document “Students also examine practical financial matters in order to develop their ability to make informed economic choices in their day-to-day-lives. This will no doubt contribute to the development of strategies for managing money.

In the ministry’s document titled “A Sound Investment: Financial Literacy Education in Ontario Schools, 2010” the vision of financial literacy is clearly stated, “Ontario students will have the skills and knowledge to take responsibility for managing their personal and financial well–being, with confidence, competence, and a compassionate awareness of the world around them.” This all-encompassing vision is crucial and critical to the development of life skills and values. In addition, it has a vital role to play in preparing young people to take their place as informed, engaged and knowledgeable citizens in the global economics. Furthermore, the document reinforces that “This education can provide the preparation Ontario students need to make informed decisions and choices in a complex and fast-changing financial world.” In this regard, Ontario’s students need to learn a wide range of topics that include but are not limited to the specifics of saving, spending, borrowing and investing especially in the early grades.

In addition to learning basic financial terms, students are expected to develop skills in the areas of problem solving, inquiry, decision-making, critical thinking and critical literacy related to financial choices. Furthermore according to the document, “Being responsible citizens in the global economy, they will need to understand the social, environmental and ethical implications of their own choices as consumers.”

In high school all the grade 11 math courses have a financial unit in which students are taught about: managing money, simple and compound interest, credit, annuity and investments. According to www.creditcanada.com, “Anything you acquire for future income or benefit. Investments increase by generating income (interest or dividends) or by growing (appreciating) in value. Income earned from your investments and any appreciation in the value of the your investments increase your wealth.” Students learn that when interest is paid on previously earned interest as well as original deposit or investment, money can grow much faster. The opposite side is compound interest you are charged if you make purchases on a credit card. Students should be aware of impulse buying and having a good credit score.

In Canada, November has been designated Financial Literacy Month to encourage Canadians to take control of their financial well-being and invest into their financial future by leaning about topics of personal finance. Canada has also established a government entity to “Promote financial education and raises consumer’s awareness of their rights and responsibilities, known as the Financial Consumer Agency of Canada (FCAC). Further Information is available at www.Canada.ca/enfinancial

With a last name that means “Faithful and loyal,” it is no wonder that Paul Junor has become a welcomed addition to the Toronto Caribbean Newspaper Team. Since 1992, Paul has dedicated his life to become what you call a great teacher. Throughout the years, he has formed strong relationships with his students and continues to show them that he cares about them as people. Paul is a warm, accessible, enthusiastic and caring individual who not only makes himself available for his students, but for his community as well.

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Youth Development

Understanding the multiple layers involved in navigating education spaces Parents of Black Children launch Navigating the Education System

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BY PAUL JUNOR

The work of the advocacy group Parents of Black Children (PoBC) has made a significant and revolutionary difference by bringing issues to the forefront that help Black families at all levels.

For over two years now, it has organized events, workshops and initiatives that have provided important information to the Black community to bring empowerment, knowledge and deep understanding of the multiple layers of the complex dynamics involved in navigating education spaces.

There are five core principles that underlie PoBC understanding of racism:

  1. Racialization
  2. Racism is about power
  3. Critical racial theory
  4. Our stories matter
  5. Racism is founded on White supremacy

On Tuesday, November 23rd, 2021, they launched the document Navigating the Education System,” which was a very empowering, enriching and inspiring tool for diverse Black families. Kearie Daniels, one of the cofounders of PoBC and author of the document, moderated the launch. Furthermore, Claudette Rutherford, one of the cofounders of PoBC and author gave an extensive presentation of the details of the document, sharing useful insights, practical knowledge and interesting information.

PoBC shared a pdf document subsequent to the launch, which provided additional details in a fifty-three-page package. It contained relevant, contextual and vital resources. PoBC’s Advocacy Team supported the document, which includes Charline Grant and Xavier McLaughin.

In the introduction to the document the mission of PoBC is to “Provide support to parents of Black children across Canada and the United States. We advocate and work towards change and concrete action in our education system and adjacent systems such child welfare and the justice system.”

The launch of this vital document is a culmination of all the advocacy and activist work that PoBC has been extensively involved in. It serves to remind members of the Black community that there are resources, tools and supports available to ensure that Black children are able to thrive academically, excel mentally and flourish intellectually in spaces that may not be welcoming to their presence.

The document states that the navigate guide is “Geared towards families in Ontario, but the information can be applied to any jurisdiction where there are Black children and families.”

The document “Table of Contents” is useful and helpful. There is vital information on:

  • School board terms you need to know
  • Education organization you need to know in Ontario
  • Black families and the Child Welfare System
  • Black families and the education system
  • Black students and Individual Education Plans (IEPs)
  • Black students in High School.
  • Developmental delays in learning exceptionalities
  • Supporting students with learning exceptionalities
  • Selecting a school system
  • System abuse

PoBC presented a webinar on “System Abuse”. The document states,

“The system is not neutral. These systems were designed as part of a colonial framework that must be dismantled.” Furthermore, the document “Serves as a means to demystify the pitfalls within the education system and light a path towards a decolonized education system.”

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Youth Development

Toronto prepares families for COVID-19 vaccination of children

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Photo by Charles Deluvio Library on Unsplash

BY PAUL JUNOR

There have been concerns, fears and anxieties as parents, caregivers and guardians anticipate the possibility of having their children under twelve vaccinated.

The Boston Globe reported on Friday, October 29th, 2021, that the FDA approved the administration of Pfizer COVID-19 vaccine to children between the ages of five to eleven. These children will receive one-third of the dose administered to teens and adults.

The Centres for Disease Control and Prevention met on Tuesday, November 2nd, 2021, in order to finalize details with respect to which children should be vaccinated first. In anticipation of these developments, Team Toronto has initiated a series of outreach and education sessions, as well as town halls in order to inform the Toronto community.

Parents of children between the ages of five to eleven who attend public schools will be receiving an email and an invitation to respond to a survey to “Support vaccine planning.”  This invitation will also be extended to parents whose children attend private independent schools as well. The survey will be administered by Toronto Public Health (TPH) and the City of Toronto VaxTO in order to “Better understand parents’ intent to vaccinate their children, how they would prefer to have their children receive their COVID-19 vaccine, and to obtain critical information on socio-demographic factors such as race and income.”

John Tory, Mayor of Toronto, is optimistic and positive about this development. He states in the press release, “While our work to get 90% of eligible residents vaccinated is continuing, we are also readying for when the vaccine will be available to protect kids five to eleven. We want to hear from parents, so we made sure we designed a vaccination program that works for kids and their families. This is just one more example of the outreach we are doing to prepare for this effort. This work is so important and will help us get kids vaccinated so they have the best protection against COVID-19 and so our schools can be as safe and as open as possible.”

Councillor Joe Cressy, Chair of Toronto’s Board of Health who has been at the forefront of advocating for the vaccination of margnizalied and at-risk communities is supportive of this campaign. He states, “At every stage of our immunization campaign, connecting with people on the ground has been critical to our success. Now, as we prepare for the rollout of vaccines to children aged five to eleven, we’re committed to engaging directly with parents, families, and community leaders to have active conversations about vaccinations for kids.”

In addition, Dr Eileen De Villa, Toronto’s Medical Officer of Health is a strong proponent of this campaign. She states,” When vaccines are approved for use and when we have supply we will ensure that we bring every resource to bear on this critical component of the vaccination campaign.”

The survey will be available as of Sunday, November 7th, 2021. It consists of fifteen questions that will be available online at s.tphsurvey.chkmkt.com in multiple languages. Parents and guardians will receive them from their children’s public school boards. In addition, there will be town halls for specified multilingual communities as well as neighbourhood-based telephone halls to ensure that the public has access to timely, necessary and relevant information for informed decision-making.

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Youth Development

Act as if what you do makes a difference. IT DOES

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BY SABRINA S. – 12 YEARS OLD

The school year is coming to an end, I’m sure that this year was hectic for everyone. Last year, we had a pandemic strike in the middle of the year and the world was sent into lockdown.

We didn’t get to go to school for the rest of the year.

Many students got to choose if they wanted to do school in-person or online, I chose online since I didn’t feel safe.

First day of school was very weird, most people don’t turn their cameras on, don’t even get me started on the wifi issues. I would lag out of the google meet many times and miss most of the instructions on the assignment. That is when friends come in handy, though I don’t get to see my friends that often, we still connect with some online games and phone calls through snap chat.

I don’t know where the time went, it just flew by. Last month was September and suddenly, I feel like we skipped eight months. I only have a week of school left! Because it is the last week of school, I have a lot of homework and final assignments to do but I know I’ll get through them and finish the school year.

I haven’t had time to go outside as well, I’ve been too busy with my assignments.

If my school year was this hectic, imagine the teacher’s year. I’m very grateful for everything my teachers have done for me and my classmates this year, they definitely deserve the three-month summer break. I’m sure my teachers doubted teaching online, but everything went okay and I learned lots.

“No matter how hard it is, or how hard it gets. I’m going to make it!”

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