Leicester teenager backs charities highlighting children’s worry about money
A teenager from Leicester is helping two charities which have called for high quality personal finance education to be taught in schools after a survey showed that nearly half of children worry about money.
More than four in 10 seven to 16-year-olds have financial concerns, while nearly one in eight have owed someone else money that they could not afford to repay, according to a survey of 1,000 young people carried out by Panelbase.
The research was conducted on behalf of the National Children's Bureau (NCB) and the Personal Finance Education Group (Pfeg).
The results were published to mark the launch of Our Money, Our Future, a toolkit developed by young people in conjunction with the two charities to help children campaign for financial education in schools.
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Twelve young people have developed Our Money, Our Future and made their case for financial education in schools directly to MPs at a launch event in Parliament on September 11.
Jhon Bateman, 15, from Leicester, and part of Young NCB, said: "It is so important that we are taught at school to look after our finances so that we can manage our money effectively as we enter adulthood, and as teenagers we spend wisely and also save for college or university.''
Fourteen-year-old Teri-Ann Watson, from Huddersfield, and also part of Young NCB, said: "We want young people to use this toolkit to help them campaign for good financial education to be taught in their schools and help them gain both confidence and other useful skills, such as teamwork, from using it."
Of those surveyed, 84% said their school did not do enough to teach them about money matters and 96% believing that every school pupil should be taught to manage their finances.
Justin Tomlinson MP, chairman of the All Party Parliamentary Group on Financial Education for Young People, spoke at the launch.
He said: "Personal finance education has never been more important, and I am delighted that young people will now have the tools to enable them to launch their own local campaign for this vital life skill to be taught in their school."