Context
The question is prompted by a general concern about ensuring students are prepared for real-world financial challenges.
Question
What steps she is taking to promote financial education in secondary schools. In conversation with my local Jobcentre Plus team earlier this year, I was told that the No. 1 thing missing for school leavers is employability skills, which are partly about understanding finances, bank accounts, loans, credit cards and taxes—all the stodgy, boring, grown-up stuff.
Answer from Gillian Keegan
I agree that understanding finances is essential; I learned that myself in my Saturday job at St John's market, where I worked in a shop from the age of 13. Education on financial matters also provides an opportunity to teach about fraud. Pupils receive financial education throughout the national curriculum in mathematics and citizenship; for pupils of secondary school age, that includes compulsory content covering the functions and uses of money, financial products and services, and the need to understand financial risk.
Not addressed: Did not provide specific steps or funding details regarding financial education promotion in secondary schools.
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