Financial education in the classroom

The Scottish Government announced on Monday 5 October that every pupil in Scotland will be taught the key personal finance skills they need to be successful in the future.

Cabinet Secretary for Education Fiona Hyslop visited Gylemuir Primary School in Edinburgh to see a financial education lesson in practice.

Research published by the Scottish Government into the range and effectiveness of financial education across the country, found that while many schools have 'excellent practices in place, provision for pupils is variable'.

Ms Hyslop has asked Learning and Teaching Scotland (LTS) to create a partnership team to address the research report's recommendations and to produce a delivery plan that will drive forward financial education improvements. The Cabinet Secretary said the plan will ensure good quality financial education is delivered to every pupil in every school in Scotland through the new numeracy curriculum.

A working group of numeracy specialists is now being set up by LTS to take forward the delivery plan for financial education with teacher and financial services industry representatives.

The delivery plan will set out how financial education can be embedded through a continuous focus on numeracy skills; the new teaching resources required; and improvements to the advice and support available for young people.

Scottish Government news release: Financial education in the classroom