Financial education enables young people to develop the knowledge, skills and attitudes towards money so that they can make informed financial decisions and thrive in today’s society. Without the skills built through financial education, young people are at risk of financial difficulties, exclusion and debt.
Impact of Training Teachers in Financial Education
By Young Money and University of Edinburgh Business School
The What Works for Financial Education project aimed to ascertain to what extent training teachers to plan and deliver financial education impacts on the financial capability of the young people they teach.
The project focused specifically on post-16 learners (KS5) and their teachers in schools in England, a group that has previously not been a focus in financial education teaching.
The study found that teacher training had a positive impact on both teachers and students, leading to improvements in teacher confidence delivering financial education, as well as improvements in students’ confidence and behaviour across a range of financial capability outcomes.