Should financial literacy be a compulsory subject in schools? These experts think so ThuThursday 11 updated ThuThursday 11 FebFebruary 2021 at 8:43pm Space to play or pause, M to mute, left and right arrows to seek, up and down arrows for volume. Watch 1 Share Print text only It's a straightforward question with a contentious history and no consensus on an answer. Yet as states and territories begin to phase out school banking programs (think Dollarmites), some experts are saying there needs to be a dedicated model to teach our youth just how to handle their money. English, science ... personal finance? For Jai and Marlies Hobbs, the problem is clear: Australians, particularly kids, don't understand the fundamentals of money.