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Scots independent school pupils to receive 'financial lessons'

Posted on 9th October 2009

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Scottish schoolchildren are set to receive financial skills lessons to ready them for independent adult life, under new plans from the government.

The new proposals are based on recommendations that emerged from specially-commissioned research, The Evaluation of Financial Education in Scottish Schools.

Findings indicated that there are a wide range of financial education resources available to state, independent and private schools, although many are unaware of them.

The research also found that there is less of an emphasis on financial education in secondary schools than in primary schools.

Chief executive of Learning and Teaching Scotland Bernard McLeary explained: "Learning and Teaching Scotland will work with a range of partners to establish a delivery plan for financial education linked to numeracy developments in the context of Curriculum for Excellence.

"The delivery plan will support schools by providing a planned, coherent programme of financial education from early years to 18."

Earlier this year, research by the Personal Finance Education Group indicated that children have an awareness of the impact of money on their lives from the age of seven years old.

Chief executive of the organisation Wendy van den Hende believes that learning how to manage money from an early age will give children confidence and knowledge about personal finance.