Reward Strategy. Incoporating Payroll World.
Hello there,

You are viewing this article as a guest, please login or register to read more. 

Financial education for children proves impactful

A pilot online teacher training programme has been found to make a big impact on the ability of primary teachers to teach their pupils about money. 

TwitterLinkedInFacebook
60% of pupils believe how they treat money now will make a big difference to their future
60% of pupils believe how they treat money now will make a big difference to their future

KickStart Money has delivered the training through MyBnk, a charity promoting financial education to five to 25-year-olds.

 

KickStart Money is a coalition of 18 savings and investment firms with a mission to ensure every primary school aged child receives a high-quality and effective financial education.

 

The coalition was brought together by The Investing and Saving Alliance (TISA) in response to research that found habits and attitudes towards money are formed as young as seven, making education at a young age vital to future financial capability.

 

Results from the pilot find that eight in 10 teachers have developed an understanding of good practice for financial education after the programme, an increase in understanding of 66 percent.

 

After training, 92 percent of teachers understood the suitability of financial education for their age group, compared with 22 percent before the intervention. The percentage of teachers able to understand the core components required to build financial capability in their pupils also increased from 26 percent to 83 percent.

 

Results also found that sessions for pupils aged seven to 11 had a stark impact on those who had no prior financial capability, with four in 10 non-saving primary pupils found to be saving regularly after taking part in the programme. Of the pupils that previously did not agree “how they treat money now will make a big difference to their future” , 60 percent believed this after the programme.

 

KickStart Money believe transforming financial habits and attitudes towards money at a primary level is key to building future financial skills and preventing young people falling into debt in later life.

 

A pupil who completed the KickStart programme said: “There are some things that we want but not specifically need. e.g we want a holiday, a gaming console or a phone but what we actually need is heating in the winter or water to wash ourselves. In order to do that we need to save.”

 

TwitterLinkedInFacebook
Add New Comment
You must be logged in to comment. Login or Register to access enhanced features of the website.

You might also like

COVID-19 exposes weak payroll operations

COVID-19 exposes weak payroll operations


Reward Strategy introduces RS TV

Reward Strategy introduces RS TV


How to steer clear of administrative mayhem in 2021

How to steer clear of administrative mayhem in 2021


Minimum job placements lifted for Kickstart Scheme

Minimum job placements lifted for Kickstart Scheme

LATEST PAYROLL AND REWARDS NEWS IN YOUR INBOX

Reward Strategy homepage
Reward Strategy RSS

Member of

Did you find our website useful?

Thank you for your input

Thank you for your feedback

reward-strategy.com - an online news and information service for the UK’s payroll, reward, pensions, benefits and HR sectors. reward-strategy.com is published by Shard Financial Media Limited, registered in England & Wales as 5481132, Axe & Bottle Court, 70 Newcomen St, London, SE1 1YT. All rights reserved. Reward Strategy is committed to diversity in the workplace.
© Copyright Shard Financial Media Ltd