FINANCIAL LITERACY FOR YOUNG PEOPLE AND THE UNEMPLOYED.
The sad reality is that financial education is not being taught in our schools, even though it is such a fundamental life skill. According to research from the UCL Institute of Education (IOE) and the University of Cambridge:
- One-third of adults in England are unable to even calculate the correct change from a shopping trip.
- Many adults in the UK are unable to do basic calculations, even with the aid of a calculator, and cannot apply a simple discount to everyday purchases
- More than a half of adults in the UK are unable to interpret simple graphs containing financial information
Our young people are not equipped with the basic tools for navigating the real world outside of school, college and university.
Additionally, the pandemic has caused numerous businesses to close down, and unemployment is at an unprecedented high. Many are in despair as they have no idea how to survive and thrive during this difficult time.
With today’s uncertain economic landscape, financial literacy is critical for the youth and the unemployed. Simple yet critical financial literacy skills will enable us to figure out how much to save towards our pension, how much to save towards purchasing a home, the wisdom of taking out loans and whether the interest rate is reasonable.
Yet many have no idea where to turn to educate themselves in this regard, or how to gain control of their future.
We aim to fill that gap through workshops…