MPs today launch a new inquiry into how financial education can be strengthened throughout primary, secondary and further education.
There is broad agreement that financial education – teaching children and young people skills and knowledge to manage their financial decisions – needs to be reviewed.
The subject has been part of the National Curriculum for local authority-run secondary schools since 2014. For those schools it is taught in Citizenship lessons, with some elements also included in mathematics. But academies and free schools can opt out of teaching it, while some choose to include it in Personal, Social, Health and Economic education (PSHE).
In recent years there have been campaigns for financial education to be introduced as a compulsory part of the primary curriculum and for more content to be compulsory.
