The research, published to mark the launch of a financial education toolkit developed by young people, also found that 84 per cent of young people think that their school does not do enough to teach them about personal money management.
The survey of 1,000 young people aged seven to 16 was carried out on behalf of the National Children’s Bureau (NCB) and financial education charity, pfeg – both of which have long campaigned for high quality, personal finance education to be taught in schools.
The toolkit, entitled Our Money, Our Future, was designed by 12 young people from the Young NCB campaign group.
It was launched at a special event in the Houses of Parliament last week when the students got the chance to present their arguments for financial education to MPs and educationalists.
Terri-Ann Watson, 14, from Young NCB, said: “We want young people to use this toolkit to help them campaign for financial education to be taught in schools and help them gain both confidence and other useful skills, such as teamwork, from using it.”
Justin Tomlinson MP, chair of the All-Party Parliamentary group on Financial Education for Young People, 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.
“The fact that this toolkit has been developed by young people themselves shows that they can make a real difference – and I am confident that we will soon be seeing the results of their ideas in schools up and down the country.”
Download the toolkit online at www.youngncb.org.uk/what_were_up_to/resources.aspx