How to improve financial literacy in schools – without adding to teachers’ workloads
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A new programme by the charity RedSTART is equipping primary school students with the financial skills they need.
By Jack Lawton-Summers, Research Associate at the Policy Institute, King’s College London
The UK isn’t saving enough. More than 11 million working-age people in Britain do not have at least £1,000 in the bank for a rainy day, while even more – 13 million – are not putting away enough for an adequate retirement.
The cost-of-living crisis and the country’s stagnant wage growth are obviously contributing to this – and these economic pressures are all the more reason to make sure we’re equipping the public with the knowledge they need to be as financially resilient as possible.
If we’re to do so, we need to start educating people at a young age – and it looks like the nation is falling short on this front. Just 1% of primary school teachers believe the majority of their pupils possess adequate financial skills.
That’s why it was welcome when the new education secretary, Brid...
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