Children and young people’s financial capability – four to six year olds

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Evidence suggests that talking to children about money before the age of seven is key to developing positive attitudes and skills around money management. The Money and Pensions Service (MaPS) has undertaken a qualitative study to better understand the financial skills, knowledge and attitudes of 4-6 year olds and their primary carers. The study aims to uncover how financial capability develops between 4 and 6 years of age and starts to think about how it may be measured with young children.