It’s the responsibility of all of us to ensure children are taught about personal finance, the results of a Monewise.co.uk poll reveal.
We asked whose responsibility it is to teach kids about finance in light of our campaign to Get financial education working.
Over half of those who responded (56%), said they believe this responsibility lies with a mixture of some or all of the following: education charities, financial providers, government campaigns, parents, guardians or other family members, and schools.
However, when singling out individuals or organisations, over a third (35%) felt that it is parents, guardians and other family members who should be ensuring children understand money matters.
Fewer than one in 10 (7%) said that the main responsibility for financial education was schools, while 1% selected education charities and 1% selected ‘Other’.
No-one felt that it was the government or financial providers’ sole responsibility to ensure children are taught about financial issues.
Financial education has been on the nation curriculum as part of maths and citizenship since September 2014. But schools that don’t follow the national curriculum are not obliged to teach personal finance. This comes despite recent research by financial education charity MyBnk finding that more than half of parents polled (54%) wanted more time devoted to the subject and were happy to reduce the time spent on national curriculum subjects to achieve this.
See the full results of our poll below.
Enter Moneywise’s 2018 Personal Finance Teacher of the Year Competition
At Moneywise, financial education is a subject close to our hearts. We believe that educating personal finance management from a young age is essential. That is why we have teamed up with Foreign & Colonial Investment Trust to offer schools with the best personal finance teachers a share of £12,500 to spend on equipment. Teachers at both primary and secondary level in UK schools are eligible for the competition.
This year, the prize money pot is much greater than it was for the same awards last year. So we will be making separate awards to teachers at primary and secondary school level, splitting the £12,500 between the winners and runners-up in several categories.
To put forward your nominations, please email firstname.lastname@example.org the name of the teacher(s) and the name and address of the school(s), plus your reasons for nominating them by 30 April 2018.
Personal finance teachers can also enter the awards directly by 30 April 2018. For an entry form, please click one of the following links:
- Download an entry form for primary level (Key stages 1 and 2)
- Download an entry form for secondary level (Key stages 3, 4 and 5)
- Entries can then be submitted by email to email@example.com