Published on:
16 November 2022
The provision of financial education for children and young people is key to ensuring we build strong foundations to help everyone make the most of their money and pensions.
Through the financial education provision mapping, the Money and Pensions Service (MaPS) aims to provide a snapshot of financial education programmes for children and young people across the UK. This report sets out findings from the mapping exercise undertaken for 2020/21.
The skills, knowledge, attitudes and behaviours that help people to manage money and achieve good financial wellbeing begin to develop from an early age.
The UK Strategy for Financial Wellbeing, coordinated by MaPS, set a national goal to ensure two million more children and young people receive a meaningful financial education by 2030.
Progress towards this national goal is measured through the triennial Children and Young People’s Financial Capability survey; initial results from the 2022 survey will be published in early 2023. This report offers additional insights into the state of financial education provision across the country as the sector works towards the goal.
The mapping exercise was conducted by PwC and MaPS using information gathered through an online survey from providers and funders of financial education programmes. These include charities, banks, trusts and foundations and public sector bodies. MaPS would like to thank financial education funders and providers for taking part.
Data collection took place between November 2021 and January 2022.
MaPS’ will use the insights from this exercise to inform activity to deliver the UK Strategy for Financial Wellbeing national goals.
We hope it proves valuable for our partner organisations developing policies, strategies and programmes to improve the provision of financial education and the financial wellbeing of children and young people.