Strengthening financial education: inquiry
Executive summary
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.
Related consultation responses
Inquiry into further education and skills
Skills England must collaborate with all stakeholders including employers, training providers, small businesses, professional bodies and awarding organisations.
Improving the curriculum and assessment system
AAT supports the curriculum review and believes it offers an important opportunity to ensure educational settings are best placed to address the UK skills gap.
Skills for the future: apprenticeships and training inquiry
More should be done to help widen access to high quality digital skills training for adult learners, aligned with a concerted focus on financial education.
