Thematic report |

Money matters: the provision of financial education for 7 to 19 -year-olds in primary and secondary schools in Wales - June 2011

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Nearly all pupils have opportunities in school to learn how to manage their finances, and develop their skills.Most schools teach pupils about finance in personal and social education (PSE) lessons. However, these lessons are not sufficient on their own to make sure that learners have the skills to make sound financial decisions when they are older. In addition, there is a lack of Welsh-language resources for financial education.

Recommendations

Schools should:

  • plan a co-ordinated and progressive programme of financial education activities across the curriculum; and
  • monitor and evaluate learners’ progress in developing and applying their financial knowledge, skills and understanding.

Local authorities should:

  • work with the Welsh Financial Education Unit and financial institutions to provide better financial education support to schools; and
  • encourage schools to share best practice.

The Welsh Assembly Government should:

  • develop a regional database of organisations that can support and share good practice with schools and local authorities; and
  • continue to support the development of Welsh-language financial education resources.

For a full list of recommendations, please download the report.