Page 41 - DIY Investor Magazine | Issue 39

‘A NEED TO PICK UP THE SLACK AND PROVIDE EXPERT AND ENGAGING RESOURCES TO HELP REDUCE YOUNG PEOPLE’S ANXIETY OVER THEIR FINANCES’
It always comes down to the same idea: more skills leads to more confidence leads to less stress.
Investing Basics: Do it Yourself, Do it With me, Do it For me – just don’t do nothing! >
It’s clear from the research that a new approach is needed to provide expert external support for schools (and by extension parents). According to the Money & Pensions Service 52% of 7-17 year-olds don’t receive any meaningful financial education either at school or home.
Alongside crippling budget restraints many teachers of Personal Social Health and Economic Education feel they lack the skills & confidence as well as appropriate resources to engage students in key life skills topics such as financial management.
The situation isn’t improved by the lack of support and encouragement from parents, many of whom are struggling with the stress of their own financial situation and therefore don’t feel confident to guide their children.
So if young people aren’t learning financial capability skills at schools or at home then they either will never get any money education or they will go to places like #fintok on TikTok and potentially watch poor or inappropriate guidance.
This is where there’s a need to pick up the slack and provide expert and engaging resources to help reduce young people’s anxiety over their finances.
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Nov 2023
DIY Investor Magazine ·