The Money and Pensions Service (MaPS) works with stakeholders as part of our role in coordinating the UK Strategy for Financial Wellbeing, to encourage an uplift in the delivery and impact of financial education for children and young people over the next eight years. One of our national goals is two million more children and young people receiving meaningful financial education by 2030.
Existing evidence shows the importance of starting early to develop positive financial behaviours, before the age of seven. We also know that children and young people in vulnerable circumstances, or who have unique needs or characteristics, have the strongest association with poorer financial education. Additionally, there are few digital interventions for CYP, and therefore we only have limited evidence of their impact. Therefore, we designed our Financial Education Innovation and Evaluation Programme to focus on these three areas, and support potential future replication or scaling.
Seven pilot projects were commissioned across these priority areas, and each was separately evaluated by our programme evaluators, EcorysOpens in a new window and Personal Finance Research CentreOpens in a new window. The findings across all pilots were also combined in a programme-level synthesis reportOpens in a new window (PDF, 1.6MB)