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The Young Persons' Money Index is an annual survey that tracks the take-up of finance education in schools in the UK. It also examines the attitudes, behaviours and experiences of UK students in relation to money and personal finance. We’ve been tracking this since financial education was introduced onto the national curriculum in September 2014.
For the 2020-21 edition we surveyed more than 2,000 young people aged 15-18 on their access to financial education, their confidence and behaviour with money, their use of financial services, and their levels of financial education and knowledge.
When asked at what age they’d like to start learning about money:
Of the 64% who say they have received financial education of some sort:
Catherine Winter, our MD of Financial Education and Community Outreach says:
"For many schools – battling with all the challenges of the pandemic – implementing better financial education may not seem like it can take top priority right now. Meanwhile, Covid-19 is making many young people (59%) more anxious about their money-managing skills, particularly in the 17–18 age group (71%), with 67% saying they regularly worry about money overall.
“Young people say they want to learn the practical skills that will help them prosper in life; to understand the financial products they're likely to use, such as mortgages, loans (particularly student loans) and credit cards; and to be able to budget and understand their tax.
“Money confidence is a vital life skill. It should be included in the Ofsted Framework – so that it becomes a priority in schools around the UK and the impact of any financial education can be measured."
Find out more about our financial education qualifications