Money Advice Service: Financial Capability of Children & Young People

Money Advice Service (MAS), a free and impartial financial advisor in the UK, launched a survey to discover gaps in children’s financial knowledge so it could better prepare them for future financial decisions.

Wider importance of the project

The Money Advice Service (MAS) believes that childhood and adolescence are vital times to influence skills, knowledge, mindset, attitudes and behaviours essential to adult financial capability and the outcomes people achieve in life. A key theme of both the Financial Capability Strategy for the UK and the MAS Business Plan, is ensuring all children and young people get the financial education they need to be able to manage money well and make good financial decisions later in life.

MAS does this through building evidence about what children need to develop good financial capability and what...

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