Insufficient financial education could harm the long-term prosperity of younger generations

You may be diligently saving a nest egg for children or grandchildren. Yet, without financial education, your efforts might not be as useful as you expect.

Research suggests many children aren’t receiving sufficient financial education at school, leaving them ill-equipped to manage their finances as adults.

Financial education was added to the national curriculum in secondary schools in 2014. However, more than a decade later, a report from the All Party Parliamentary Group on Financial Education for Young People found that schools aren’t providing sufficient education on the subject.

In fact, 53% of children are leaving school without having received “meaningful financial education”.

In addition, there isn’t a universal post-16 offer of financial education. At an age when many are transitioning into