General concept of risk, sources of risk and its impact on personal finance

Understands that some life events (i.e. job or business loss, illness, changes in family composition) and decisions can have negative financial consequences for family finances

• age:6-10

Identifies different types and sources of risks (e.g. financial, economic, environmental, health, technology)

• age:6-10

Considers the potential impact on personal finance of life events and macro-events (war, inflation, political instability)

• age:11-15

Motivated to seek information from reliable sources in order to assess risk and reward

• age:16-18