Everyone’s favourite money saving expert Martin Lewis has issued an appeal for all primary schools to teach their pupils basic money skills.
This move would also mean that financial education would be added to the national curriculum for primary schools – something that is already offered in secondary schools.
A new report published yesterday stated that UK primary school children should be taught basic money skills by 2030, The Mirror reported.
Didsbury CE School
The report was created by the APPG (All Party Parliamentary Group) regarding Financial Education for Young People and is backed by Lewis.
It asks the Government to set a target in order for primary school children to have access to a financial education alongside the investment and willing needed to make this happen.
On the importance of money awareness and education in schools, Lewis said: “The pandemic has shown the lack of personal financial resilience and preparedness of the UK as a whole.
“Not all of that can be fixed by improving financial education, but a chunk of it can.
“Of course, we need to educate people of all ages, yet young people are professionals at learning, so if you want to break the cycle of debt and bad decisions, they’re the best place to start.”
In 2018, Lewis funded ‘Your Money Matters’, a free educational text book giving basic money advice that was rolled out across UK secondary schools.
The book is aimed at those between the ages of fourteen and sixteen, and teaches them about topics such as savings, budgeting, borrowing, student loans and identity theft.