Financial Literacy, the Adverts

By March 2010 there were 47,800 more part-time jobs than when the recession began, but we are still down 300,000 full-time jobs. That mirrors another shift from stable to unstable jobs: more temporary jobs, fewer permanent ones.
The Temporary Recovery Armine Yalnizyan, CCPA.

We'd almost made it through Financial Literacy month when the above article was released. I was going to write something about how horrid it is that we're losing permanent jobs and everybody - including me - is being forced to work temporary contracts. But then I got an email whose subject line snarled "more financial literacy crap you might use..." And that prodded me to look again at the Canadian Centre for Financial Literacy.

Now, I'm a live and let live sort of citizen, except when we're making mad poor social decisions, or somebody's spreading fibs about my field.

The CCFL has been spreading a fib. On their website, they say they are "SEDI’s latest innovation and the first of its kind in the country."* Then they say:
It is the only Canadian centre that delivers easy-to-use money management training to low-income groups.
Liars. I've already talked about the outstanding work done by Alberta's Womanspace. I think they're Canadian... aren't they?

Closer to home, the Saint John Community Loan Fund developed a workshop series called Money Matter$, with a modulal titled Money Matter$ Budgeting (Version 2). I know they're Canadians.

By the way - lest you want to say we're lacking cross-Canadian programming - the Saint John group calls their program Version 2 because it was adapted, in 2006, from a 2002 program provided by MCC Employment Development in Alberta (again, that's Alberta, Canada).

Now called Momentum, the MCC emerged in 1991 as "a program of the Mennonite Central Committee Alberta" designed to provide "training to immigrants to enter the trades" as well as small business training and micro-loans for the underemployed, and, later, "a savings incentive program [that]... assisted people living below the poverty line to save money." Finally, about ten years ago, "programs in entrepreneurship and financial literacy programs were also created."

Anyway, the point is that Alberta and New Brunswick were able to share with and learn from each other. (Canadians are like that.) I don't know a lot about the history or nature of all these types of programs. I don't know what's on offer in B.C. or Quebec, or what residents of the Yukon might have access to. But I'm sure they have access to something. And I'm sure the CCFL is not "the only Canadian centre that delivers easy-to-use money management training to low-income groups."

Oh, and something else I know is that that graph up there is pointing to some serious trouble for our kids, and no money management program is going to get us out of it.


* SEDI stands for Social and Enterprise Development Innovations, and it appears to have organized the CCFL. There's a video on its website with the subtitle: TD provides $14.5 million to help fund SEDI's Canadian Centre for Financial Literacy and the new TD Financial Literacy Grant Fund.

Fourteen and a half million!?! Are you serious? To help fund? Like, they need more!?? Talk about money management issues!

SEDI says, "We are a charitable organization that works with community groups nationwide to help low-income people become self-sufficient through financial literacy, saving and asset building and entrepreneurship."

But geeze-louise... $14.5 million?

I know....

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