All primary and secondary school students in the South of England will soon receive instruction on financial literacy as part of upcoming revisions to the national curriculum. This initiative aims to equip children with knowledge about budgeting, money management, mortgages, and the concept of compound interest. The revised curriculum is anticipated to be implemented in 2028.
Educators have expressed the need for adequate training and resources to support staff in these new teaching requirements. A headteacher has noted the importance of this education, suggesting that failure to provide it might disadvantage students in their future financial dealings.
At Queen’s Park Academy in Bournemouth, financial topics are already part of the students’ learning. The principal, Sarah Simmons, mentioned that pupils express a good understanding of financial principles and are aware of concepts such as earning money and managing debt. She emphasized that these lessons would benefit students throughout their lives.
Young Enterprise, a national charity advocating for financial education, has been promoting the inclusion of financial literacy in school curricula for several years. CEO Sarah Porretta highlighted the necessity of financial skills for navigating adult life, advocating for support for teachers to ensure confidence in delivering this important content.
Additionally, Leaf Studio Academy in Bournemouth, which focuses on sports and the performing arts, has already integrated financial education into its programs. Head of School Tim Clark noted that topics such as credit, online scams, mortgages, and taxes are crucial for students. He stated that without these teachings, students may lack the skills necessary to succeed financially after graduation, regardless of their academic performance.
As these changes approach, the emphasis remains on preparing students for real-world financial challenges.
Source: https://www.bbc.com/news/articles/cq604epg73yo?at_medium=RSS&at_campaign=rss