Menu

Education Today Logo


newsletter

Education Today Cover Browse Issue

Study: Maths leads to increased life satisfaction

New research released today shows stronger maths skills could lead to a higher income and level of overall life satisfaction.

The 2017 Westpac Numeracy Study found those who completed a higher level of maths education were more likely to rate themselves as satisfied in their job,1 career,2 financial situation3 and life overall.4

The study also found a difference between the average income levels5 of those who completed maths up to Years 11–12 ($47,777) compared to those who only completed maths up to Years 7–10 ($40,571). In addition, it found those who completed maths at a university level learned an average of $71,867.

Westpac has partnered with digital maths platform, Mathspace, to provide free access to all Australians to Mathspace Essentials.

Mathspace offers the full Australian curriculum for Years 3 to 12, as well as some international curriculum. It also includes comprehensive financial literacy modules.

Westpac’s study also found that children with parents who are neutral or discouraging about maths, are more likely to think they’re not smart enough to do maths (49% vs those with encouraging parents 20%) and are more likely to think maths is too hard (63% vs those with encouraging parents 39%).

However, when it comes to helping their children with maths work, one quarter of parents (25%) say they would not be comfortable helping a child complete maths at a high school level, and half (49%) of parents, or those intending to be, are concerned their lack of maths skills will have a negative impact on their children.

References
1 Job satisfaction: Those who completed maths up to Years 7-10 (50%); Years 11-12 (55%); University (59%)
2 Career satisfaction: Those who completed maths up to Years 7-10 (42%); Years 11-12 (45%); University (58%)
3 Satisfied with financial situation: Those who completed maths up to Years 7-10 (39%); Years 11-12 (41%); University (59%)
4 Satisfaction with life overall: Those who completed maths up to Years 7-10 (53%); Years 11-12 (62%); University (64%)
5 Personal income before tax, excluding those who preferred not to disclose their income

 


13 Jun 2019 | International
16 year old UWA music prodigy best in the world News Image

Ready for a what am I doing with my life moment? Here you go; 16-year-old Shuan Hern Lee a student from The University of Western Australia has been named the best junior pianist in the world. Read More

13 Jun 2019 | Sydney
Vivid Sydney shared with students from regional Australia News Image

Students from Mount Burr in South Australia will get the opportunity to visit the emerald city and see the world-famous Vivid festival, evening up the disparity in experiences between city and regional students. Read More

13 Jun 2019 | National
Education hack attacks up and looking for money News Image

Education look out; there was a noticeable shift towards financially motivated cyber crime (80%) in educational services.
Read More

13 Jun 2019 | National
Jobs for teachers see most growth News Image

Jobs are down a bit from last year according to SEEK but the good news is that wages are up and it’s still great to be a teacher or in education.
Read More

13 Jun 2019
NESLI’s global experts to tackle education leadership in low GDP areas News Image

The National Excellence in Schools Leadership Institute (NESLI) have announced the ten global experts who will make up NESLI’s inaugural advisory board.
Read More