Source · Select Committees · Education Committee
Recommendation 2
2
Acknowledged
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Early financial education in primary school is crucial for children's future financial literacy.
Conclusion
Effective financial education needs to begin early, during primary school years. We have heard evidence that the limited provision of financial education in primary school mathematics does not adequately prepare children for the fast-changing financial world in which they increasingly participate. Building a strong foundation for financial education at primary school would also ensure that as children develop their cognitive abilities and a sense of delayed gratification, they will do so informed by good financial practice.
Government response summary AI-generated
The government agreed that maths is fundamental for financial management and is committed to improving early maths education standards. It noted existing primary maths content that supports financial understanding and mentioned that the Curriculum and Assessment Review (CAR) would consider curriculum breadth. Oak National Academy will also release new financial education lessons by Spring 2025.
Paragraph Reference:
15
Government Response
The government responded to this report on 16 January 2025. No passage in that response could be matched to this conclusion. Read the response document ↗