Investing in the future The case for universal financial education in the UK

The focus group sessions sought insights on the current state of students' levels of financial literacy at primary school and on the current curriculum, the opportunities and risks of adding financial education to the primary school curriculum in England, and issues such as the training, support and resources that teachers need to provide students with a strong level of financial education. [...] It prepared a national strategy to promote financial literacy that was implemented in 2022, and established a financial literacy hub at the Bank of Finland Museum in the same year.65 24 INVESTING IN THE FUTURE Case study: Financial education in Estonia According to the OECD’s 2018 financial literacy PISA survey, Estonia has the highest levels of youth financial literacy measured in all participati. [...] 32 INVESTING IN THE FUTURE Alongside a statutory place in the curriculum, the Department for Education and the inspectorate must support the sector to ensure prioritisation of financial education within schools Whilst a whole-school approach may help ease some of the timetable and curriculum space pressures, schools and teachers will clearly still need to dedicate some additional time to the subje. [...] The time teachers have in their days to undergo training, the availability and access to it in the first place, and the generally limited priority schools and teachers attach to financial education limit the extent to which training can improve teachers’ delivery of financial education in schools. [...] This again highlights the need for the Department for Education and the inspectorate to clearly set financial education as a priority area for schools and to effectively communicate the benefits of financial education to the sector.