From avoidance to evidence: Britain should take the financial literacy test Partner We all know an education bore who says at parties: “I would be a lawyer/accountant/doctor/engineer/etc but I just couldn’t be bothered to take the test.” We don’t believe them, so why should we believe a country that says, “We invented modern finance, but please don’t check our homework.” The Organisation for Economic Co-operation and Development [...]
Financial Education Is Broken – Here’s How We Plan To Fix It Partner Financial education in the UK is broken. Most young people leave school without the key money skills they need for adult life, according to their own teachers. Left unaddressed, this failure has long-term consequences. Poor money skills are linked to problem debt, lower social mobility, and poorer mental health. The recent announcement that financial education will be [...]
This Could Be The Best Investment The City Ever Makes Partner Go into a primary school today and ask how many of them trust major financial institutions like banks and you’ll generally find that less than half do so. Sometimes it’s as low as one-third of the class. At least, that’s what the financial education charity I volunteer with, City Pay it Forward, has consistently found. [...]