How do young people really feel about their financial futures?

JA Central Ontario is working with HSBC to build a financially capable generation


As part of a global pilot coordinated by JA Worldwide, JA Central Ontario has joined forces with HSBC Canada to trial a new program and app that teaches 12-16 year old students key financial and life skills.

Financial capability is the combination of attitude, knowledge, skills and self efficacy needed to make savvy money management decisions. In our ever-changing world, the more young people know about money — ways to earn it, how to spend it wisely, and how to save it — the more power and control they have over their lives.

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That’s why JA Central Ontario is working with HSBC Canada to deliver Building a Financially Capable Generation (BaFCG). Currently in its pilot phase, BaFCG is a set of resources, programs and events designed to give students the knowledge, skills, and experience to build a successful future.

BaFCG is made up of several elements that reinforce the importance of financial capability and give students the tools they need to thrive. This includes a combination of educational events, led by HSBC financial experts, and an interactive app that allows students to put their new learnings into practice.

Designed by experts in education and financial literacy, these resources and events are an accessible and intuitive way for young people to learn about managing money.

Innovation Challenge

On May 1st, 122 students from the Milton region joined 5 HSBC volunteers to put their innovation and teamwork skills to the test with a unique Innovation Challenge. This online experience saw teams of students work together to create a unique solution to business and community-related problems in only a few short hours. 

The winning team is heading to the JA Worldwide and HSBC international Innovation Challenge on May 25th, where they will pit their unique ideas against students across the globe.

Resources for educators

 JA Central Ontario will be working with HSBC and JA Worldwide to deliver the following resources and events as part of the BaFCG pilot phase.

Quiz: Are you more financially capable than a 12-year-old? This online quiz allows students to test their financial capability and begin their journey to becoming better money managers

Webinars: Building a Financially Capable Generation. These virtual events set out the principles of money management, including budgeting, spending and saving.

App: Building a Financially Capable Generation. This interactive app helps students put learning into practice – it builds on key program lessons and helps students learn to apply these new skills to the real world