Include financial literacy in school curriculum, says Puchong MP
She said children and teenagers need to be taught about money management, credit and investment.
"I believe that financial literacy is a vital life skill that should be given greater emphasis in the school curriculum.
"Hence, I am suggesting that the Finance Ministry collaborate with the Education Ministry to integrate this crucial life skill into the school curriculum," she said when debating the Consumer Credit Bill 2025 in Dewan Rakyat today.
In addition, Yeo said a nationwide public awareness campaign should be launched.
"The government as a whole must work to improve the financial well-being of the Malaysians. It is not just about knowing what credit options are available, but also about knowing how to manage one's income.
"For example, what percentage should be spent, saved or invested? I urge Bank Negara and the relevant ministries to launch a large-scale campaign to promote financial literacy among the public," she said.
Earlier, Deputy Finance Minister Lim Hui Ying tabled the Consumer Credit Bill 2025 for its second reading.
Twenty-three members of parliament are expected to take part in the debate.
The Consumer Credit Bill 2025 aims to strengthen consumer protection by regulating the credit industry in Malaysia, including overseeing the Buy Now Pay Later (BNPL) scheme.
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