financial education

Previous research has shown that financial wellbeing, by the time of reaching financial independence, is in large part a consequence of what is seen, learned, and experienced during childhood and adolescence. The Children and Young People’s Financial Wellbeing Survey 2022 is a major source of insight regarding children and young people’s financial wellbeing as it currently stands. Our...

Less than half of UK children have been taught about money at home or in school, according to a new report from the Money and Pensions Service (MaPS). Just 47% of children have received a meaningful financial education at home or at school, with millions left without. Those who had are more likely to save, feel confident about money and use a bank account. Money and Pensions Service...

Policy managers Sophia Spence-Cheng and Zoe Renton share their thoughts on a new £1.1 million grant programme, funded by the Money and Pensions Service, which tests scaling up projects that deliver financial education training to teachers and practitioners or offer direct delivery of financial education to children and young people in vulnerable circumstances. We know that financial...

The provision of financial education for children and young people is key to ensuring we build strong foundations to help everyone make the most of their money and pensions. Through the financial education provision mapping, the Money and Pensions Service (MaPS) aims to provide a snapshot of financial education programmes for children and young people across the UK. This report sets out...

The Money and Pensions Service’s (MaPS) Propositions, Insights and External Engagement Director, Sarah Porretta, on the importance of financial education for children and resources available to schools and families during Talk Money Week. This week we’re working to turn talking about money from one of the UK’s least favourite topics into something that becomes as natural and familiar as...

Building on the success of the Talk Learn Do (TLD) pilot in 2015–2018, the Money and Pensions Service (MaPS) commissioned several further projects and associated evaluations to enhance their understanding of how TLD can support parents in different contexts, and to understand the effectiveness of different delivery approaches. What is Talk Learn Do?Talk Learn Do In WalesTalk Learn Do in...

MaPS has commissioned Loughborough University to carry out ground-breaking qualitative research to explore how a set of materials to measure the financial literacy of four to six-year-old children can be most effectively designed. Results from the first phase of the study – a small-scale test of the use of comic strips – have now been delivered, showing that they may be an appropriate and...

Understanding how to embed and scale effective financial education professional learning Evidence shows that learning and experiences in childhood are important influences on being able to manage and make the most of money in life. As such, teachers (alongside parents) play a key role in providing opportunities for young people to engage and learn about money, shaping their financial...

 Currently, only 48% of the UK’s children and young people receive a meaningful financial education. The Money and Pensions Service (MaPS) works with stakeholders as part of our role in coordinating the UK Strategy for Financial Wellbeing, to encourage an uplift in the delivery and impact of financial education for children and young people over the next eight years. One of our national...

Speaker: Money and Pensions Service (MaPS) chair Sir Hector Sants Just over two years ago, the Money and Pensions Service (MaPS) made its first major strategic intervention into helping people manage their money. In January 2020 we launched the UK’s first ever national Financial Wellbeing Strategy. Our UK strategy was developed with the explicit support of government. It drew upon...

UK Children and Young People’s Financial Wellbeing Survey: Financial Foundations

Less than half of UK children have been taught about money

Improving children and young people’s financial wellbeing: seven projects for teachers and vulnerable children

Financial education provision mapping 2021: Final report

Talking money with children and young people during Talk Money Week and beyond

Talk Learn Do: Evaluations of recent projects

Measuring financial literacy of children aged 4 to 6 years: design and small-scale test

Financial education Professional Learning for Teachers in Wales: pathfinder evaluation

The Children and Young People Financial Education Innovation and Evaluation Programme

Financial Inclusion Summit – 15 February 2022

Managing money in uncertain times