Primary school pupils should receive compulsory lessons on how to manage money as part of the response to growing levels of financial insecurity and problem debt in the UK, the Archbishop of Canterbury’s Just Finance Foundation says today.
Learning where money comes from, when to spend and how to save is vital to children’s ability to navigate adult life and should be a mandatory part of personal, social, health, and economic education (PSHE) in primary schools, the Foundation says in a document published today.
In a written submission to a Department for Education consultation, the Foundation highlights figures that show 40% of UK adults have less than £100 in savings and that struggling to manage money is becoming a mainstream issue.