There are renewed calls for financial literacy to be made a compulsory school subject.
It follows the release of a new survey looking at young people's financial knowledge.
The Westpac Massey University Financial Education Centre study found many 16-19-year-olds still lack financial skills.
The average score for questions about budgeting and financial management was 37 out of 100. The average score for saving and investing was 45 out of 100.
Westpac says financial literacy should be compulsory in schools. That idea is supported by AMP.
The Education Ministry cannot tell schools they have to teach personal finance, because it is not a "core" subject.
But Retirement Commissioner Diane Maxwell says financial literacy is available for all schools to teach. It has been working with schools in south Auckland, Albany and soon Northland.
