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.
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