It can only be a good thing that since the Government published the new national curriculum details last autumn financial education has been included in the curriculums plans for maths as well as citizenship.
In citizenship student will be taught at Key Stage 3 (ages 11-14). The functions and uses of money, the importance and practice of budgeting, and managing risk. At Key Stage 4 (ages 14-16). Income and expenditure, credit and debt, insurance, savings and pensions, financial products and services, and how public money is raised and spent. In Maths finance will be taught in maths at most key stages from September 2014. The exception, for Key Stage 4 maths, will come into force from September 2015 as it's still to be consulted on. In primary school maths, money will be taught as a unit of measurement and in problem-solving. Statistics is also introduced from lower Key Stage 2 (ages 7-10) for the first time, which gives an opportunity for teachers to introduce financial concepts to children.
Tracey Bleakley, chief executive of Pfeg, the UK's leading financial education charity says:
“Tax, public spending and how these relate to personal finances are all crucial areas that young people will now learn in addition to money management.”
Enable’s IFA’s could not agree more if you want any financial advice maybe talk to the kids before you talk to us.
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