Strengthening financial education: inquiry

The APPG on Financial Education for Young People issued a report earlier in the year that identified that “there are large numbers of young people who lack the knowledge, skills, and behaviours to manage their money well”.

The report identified that two-fifths of teachers who have a statutory duty to deliver financial education aren’t aware that it is on the curriculum, whilst three-fifths of those currently teaching the subject do so because they believe in its importance for the future of young people.

Amongst the recommendations contained in the APPG report was delivering an improvement to the availability and accessibility of financial education training to all teachers, and for this to be resourced by the Department for Education.

In addition to developing this support for school teachers, there is a wealth of expertise in the private sector that should be encouraged to work in partnership in developing access to tools and resources to further enhance the learning experience of young people.