Jul 21, 2022
Survey data suggests that only 52% of seven to 17 year-olds believe they’re receiving a meaningful financial education. But with parents, guardians and caregivers already juggling so much, it can be difficult to ensure kids are learning enough about money in school and beyond.
According to the Money & Pensions Service, almost 40% of adults in the UK don’t feel confident managing their money, yet we’re expected to be financially literate and confident enough to educate our children. From picking a suitable savings account, to choosing when you can afford to retire, there’s a lot to learn when it comes to making the ‘right’ decisions with our money.
So, when and how should we learn about money?
Business and finance journalist Laura Miller steps in for Philippa Lamb this month, and is joined by Will Carmichael, Co-Founder and CEO of NatWest Rooster Money, and Emma Maslin, certified money coach, PensionBee customer and Founder of The Money Whisperer website.
In this episode we mention that financial education isn’t taught until secondary school. We’d like to clarify that this is only the case in England, and that in Scotland, Wales, and Northern Ireland, children do receive financial education as part of the primary school curriculum.
Read more on teaching kids about finance on our website:
Some handy further reading and resources:
If you’re enjoying our Pension Confident Podcast and have feedback you’d like to share, we want to hear from you. Drop us an email on email@example.com. We’re taking a break from recording in August but we’ll be back with another brand new episode in September, so tune in to hear us discuss how we can combat the effect of money worries on our mental health.