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Less than half of children ‘have received a meaningful financial education’
Less than half of children ‘have received a meaningful financial education’
Less than half (47%) of children and teenagers aged seven to 17 have received a meaningful financial education, according to a Government-backed body. The Money and Pensions Service (MaPS) estimates from its findings that around 5.4 million children across the UK do not have the money skills they will need in adulthood. Children living in social housing, rural areas and in lower income households were found to be less likely to have received a meaningful financial education. And children with parents or carers with mental health conditions tend to be less likely to have received a meaningful financial education than the UK average, the findings indicate. The measure of meaningful financial education is based on the percentages of young people who recall receiving financial education at school that they considered useful, and/or received regular money from parents or work, with parents setting rules about money and handing over responsibility for some spending decisions. Research was conducted for MaPS between late summer and autumn 2022 across the UK by Critical Research, among more than 4,700 children and young people aged seven to 17 and their parents or carers. The proportion of children and teenagers found to have received a meaningful financial education is similar to 2019, when the figure was 48%. The report said: “When interpreting these results, it is worth remembering the disruption to education and normal life caused by the Covid-19 pandemic potentially limited opportunities for children to receive a meaningful financial education at school and/or home over the last three years. According to the latest findings, a third (33%) of children recall learning about money in school and finding it useful, and nearly a quarter (24%) have received key elements of financial education at home. It is worth remembering the disruption to education and normal life caused by the Covid-19 pandemic Money and Pensions Service report Only 10% reported having both, suggesting that children and young people tend to receive meaningful financial education either at home or at school and not as “joined-up” financial education, the report said. Younger children aged seven to 11 continue to be less likely to have received a meaningful financial education than older children aged 16 to 17, according to the report. Children in Scotland are the most likely (52%) to have received a meaningful financial education, the report indicated, followed by those in Wales (51%), England (46%) and Northern Ireland (43%). Those in Wales (79%) are more likely than those living in the UK (71%)as a whole to receive regular money from parents/carers or work, according to the research. As part of its UK strategy for financial wellbeing, released in 2020, MaPS is aiming for two million more children aged five to 17 to receive a meaningful financial education by 2030. It is urging parents to talk to their children about money and combine it with everyday experiences, such as food shopping, budgeting and wages from a part-time job. Our experiences in childhood prepare us for adulthood and learning about money is no different Sarah Porretta, Money and Pensions Service To help with this, MaPS offers free resources such as “talk learn do“, an online tool that helps parents to start the conversation. The MaPS, which is sponsored by the Department for Work and Pensions (DWP) and funded by levies on the financial services industry and pension schemes, added that teachers, school leaders and governors should work together to deliver financial education in classrooms. It is also calling on financial services and funders such as charitable trusts to increase their investment in the delivery of financial education. Sarah Porretta, executive director at MaPS said: “These figures will alarm everyone in financial education because more than five million children could be going without. “Our experiences in childhood prepare us for adulthood and learning about money is no different. It becomes a part of daily life and our financial decisions can bring real benefits and profound consequences, so it’s crucial to learn from a young age. “The race is on to educate the nation’s children and everyone, from banks and building societies to foundations and financial institutions, has a big part to play. “Parents and schools can also make a huge difference by combining money skills with everyday experiences, both inside and outside the classroom.” Read More Charity boss speaks out over ‘traumatic’ encounter with royal aide Ukraine war’s heaviest fight rages in east - follow live Harry Potter star Miriam Margolyes makes British Vogue cover debut aged 82 Toff: Drinking mindfully is a gift to yourself Should you sleep naked? Heatwave myths debunked
2023-06-14 17:14
US Supreme Court to decide if public officials can block critics on social media
US Supreme Court to decide if public officials can block critics on social media
By John Kruzel and Andrew Chung WASHINGTON The U.S. Supreme Court is set on Tuesday to explore free
2023-10-31 18:07
Rain-swollen rivers flood some towns in north Italy; Venice prepares to raise mobile dike in lagoon
Rain-swollen rivers flood some towns in north Italy; Venice prepares to raise mobile dike in lagoon
Rivers swollen by days of downpours have flooded some towns in northern Italy
2023-05-16 23:54
Pokémon GO Storage Limit March 2023
Pokémon GO Storage Limit March 2023
The storage limits, for both items and Pokémon, as of last month are 5,250 and 6,250 respectively. These numbers will increase as time goes on, but this should give players enough time to catch more Pokémon.
1970-01-01 08:00
Get set for Wimbledon with these strawberry recipes
Get set for Wimbledon with these strawberry recipes
Wimbledon is underway and that means the classic British summertime treat of strawberries and cream is ready to be dished out across the courts, with a staggering 1.92 million strawberries expected to be consumed during the tournament. When buying strawberries, we are attracted to the deeper coloured fruits as they are the ripest, but it’s worth being mindful of when you plan to eat them as fully ripe strawberries are best served the same day. Always check the bottom of the punnet to see if the strawberries are starting to bruise as this is a sign they are beginning to be past their best. When it comes to cooking, if you overcook strawberries, you can get a jam-like taste rather than a freshness, so it’s best to use recipes that don’t require a lot of heat and keep it simple for a more refined flavour. Simple touches like adding a dash of lemon will help the strawberries to pack a punch and elevate any recipe. I also like to add a crack of pink peppercorn to macerated strawberries in whatever I’m using them for, this helps enhance the floral notes of the strawberries, as when you eat them the pepper helps open up the nasal passage. Final-worthy dessert: strawberry shortcake Ingredients: For the shortcake: 115g cake flour 5g baking powder 5g salt 3 eggs, separated 1 pinch cream of tartar 175g sugar 15g unsalted butter, softened 5g vanilla extract 125ml milk For the topping: 500g strawberries 1 lemon 75g caster sugar 1 pinch of ground pink peppercorns Method: For the shortcake: Sift and combine all the dry ingredients, then rub the butter into the flour mix. Whisk the egg whites and sugar together until they form medium peaks. Combine the egg yolks and milk with the dry ingredients. Separate into equal-sized balls and bake at 180ºC until golden. For the topping: Quarter or roughly dice the strawberries, cover with the sugar, pepper and lemon zest and leave to sit for 15-20 minutes in the fridge. To serve: Place a few of the shortcakes at the bottom of a bowl or on a large plate. Top with a dollop or two of whipped cream or thick yoghurt, cover with the fresh strawberries and drizzle with the strawberry syrup. Finish by crumbling a shortcake or two over the top. For extra flair: Baste the halves of two peaches and sear in a pan with beurre noisette and a sprig of thyme on a medium heat. Serve on the side of the strawberry shortcake. Quickly served treat: brioche with passion fruit and strawberries Ingredients: For the fruit mix: 500g strawberries 8 fresh passion fruits 60g caster sugar 1 pinch salt For the topping: 200g mascarpone 3 tbsp honey Zest of 1 lemon Brioche to serve Method: Scoop the passion fruit seeds into a small pan and bring to a gentle simmer on a low heat. Add the sugar and the salt and simmer for about 5-6 minutes, until the seeds are shiny. Remove from the stove and allow to cool for five minutes, then pour over your halved strawberries. Place them in the fridge to marinate. To serve: Slice the brioche with a generous thickness, and toast in a pan over a medium heat with a knob of butter, until golden. Flip and repeat. Mix the mascarpone, honey, and lemon zest, spread over the brioche and add a generous amount of the strawberry fruit mix. For extra flair: Roast a handful of pistachios and crush them slightly. The green of the nut against the rich red of the strawberries will add a punch of colour. Read More The Norwegian sparkling wine aged at the bottom of the sea I was an air fryer sceptic – now I can’t stop using it Ditch Deliveroo – make these healthy, 30-minute pizzas instead Three quick and easy vegan fakeaway recipes The dish that defines me: Eddie Huang’s Taiwanese beef noodle soup How to cook kohlrabi
2023-07-11 13:30
Celtic fans wave Palestinian flags ahead of Champions League fixture in defiance of club appeal
Celtic fans wave Palestinian flags ahead of Champions League fixture in defiance of club appeal
Celtic fans defied a club appeal and waved Palestinian flags before Wednesday’s Champions League fixture. The Green Brigade, a supporter group which occupies the north curve of Celtic Park, traditionally organise a tifo - a choreographed display involving a large banner - for major games. But as the teams emerged from the tunnel for their Group E match against Atletico Madrid, they instead held up Palestinian flags. Celtic have already banned the group from away games after they displayed the flags at recent matches in the wake of the attacks in Israel and Gaza. It is expected the Scottish club will now receive a fine from Uefa. Read More Moment Gerard Pique falls into huge hole as he’s distracted by phone Bobby Charlton’s football was ‘poetry in motion’, says former teammate Ten Hag lays flowers in centre circle as Man United pay tribute to Bobby Charlton
2023-10-26 17:25
Are Kayla Richart and Sebastian Melrose still together? 'Too Hot to Handle' fans stunned to see Season 4 couple still going strong: 'Lana is proud'
Are Kayla Richart and Sebastian Melrose still together? 'Too Hot to Handle' fans stunned to see Season 4 couple still going strong: 'Lana is proud'
Kayla and Seb continued dating after the show and even traveled to see each other in Scotland and Los Angeles but when the distance got to them, they temporarily called it quits
2023-07-14 14:00
How to watch Wales vs. Croatia for free
How to watch Wales vs. Croatia for free
TL;DR: The UEFA EURO 2024 qualifier between Wales and Croatia will take place at 7:45
2023-10-13 12:00
Novo’s Obesity Drug Arrives in UK – at a Fraction of US Prices
Novo’s Obesity Drug Arrives in UK – at a Fraction of US Prices
People struggling to lose weight in the UK are finally able to get their hands on the weight-loss
2023-09-05 00:19
Avocados From Mexico® Partners With the LA Galaxy and Dignity Health Sports Park to Bring Exclusive New Culinary Creations to Fans
Avocados From Mexico® Partners With the LA Galaxy and Dignity Health Sports Park to Bring Exclusive New Culinary Creations to Fans
LOS ANGELES--(BUSINESS WIRE)--Sep 20, 2023--
2023-09-21 00:03
The Seahawks are eager to show their embarrassing Week 1 loss to the rebuilding Rams was a fluke
The Seahawks are eager to show their embarrassing Week 1 loss to the rebuilding Rams was a fluke
The rebuilding Los Angeles Rams’ emphatic road victory over the Seahawks in Week 1 was a shock to a Seattle team that began the season thinking it was good enough to contend for a playoff spot and more
2023-11-17 08:36
Freeman has 4 hits to extend hitting streak to 19, Dodgers beat Nationals 9-3
Freeman has 4 hits to extend hitting streak to 19, Dodgers beat Nationals 9-3
Freddie Freeman extended his hitting streak to 19 games, capping a four-hit game with an eighth-inning homer, and the Los Angeles Dodgers beat the Washington Nationals 9-3 on Tuesday night
2023-05-31 12:48