Schools: Data, Digital and Financial Literacy Debate
Full Debate: Read Full DebateLord Storey
Main Page: Lord Storey (Liberal Democrat - Life peer)Department Debates - View all Lord Storey's debates with the Department for Education
(1 year, 7 months ago)
Lords ChamberI am very happy to take my noble friend’s suggestion back to the department.
My Lords, independent research by Cambridge University, published by the Money and Pensions Service, suggests that money habits are formed as early as the age of seven. This shows that educating children about money at primary school is very important. Has the Minister heard of GoHenry, a charity set up by parents that gives a prepaid debit card to children, along with an educational app so they can understand financial affairs? If she has not, will she meet them? It might be of interest in developing this curriculum.
I have heard of it, but I would also be delighted to meet them. Just to repeat, at the earliest stage, at key stage 1, the compulsory curriculum includes helping children understand how they make choices about how to spend, how to save and how to use money.