Santander Share MAD 9,32€ -1.22% 17:42
Enter at least two characters to search.
SUGGESTED RESULTS THERE ARE NO SUGGESTED RESULTS
SEE ALL RESULTS

Financial education needs to be delivered by different organisations for people at different stages of life, primarily depending on age and employment status. For example, workplaces may provide financial education to employees, which in turn can lead to improved financial health and positively impact job satisfaction and morale. In a similar vein, councils and local governments can provide courses for adults out of work.

Key stats across ten markets:

san_drop_up
  • Schools are parents are seen as key deliverers of financial education, over charities or businesses. Respondents think that schools (91%) and parents (91%) should be responsible for ensuring that children today receive financial education. 
  • Financial education ranked as the second most important subject the public would like to be taught in schools, beating traditional subjects such as history and science. 
  • However, this is not currently typically being delivered. 84% of those who do not remember receiving financial education at school said that they wish that they had been taught it. 
  • There is still appetite for financial education courses among adults. 73% of Spaniards said they would like to take a financial education course, rising to 86% in 25–34-year-olds. 
  • Banks have a role to play in supporting delivery of these courses. 80% of Americans and 91% of Argentinians said that banks have a role to play in providing financial education. 

Receiving financial education this way is a lottery, not a universal experience. To overcome this, the most effective way to deliver financial education to all members of society is to use schools as a vehicle to engage children and parents in the topic ‘at scale’. Schools, as opposed to charities or other private providers, are able to reach the highest number of and the most diverse range of people. As money habits start to form between the ages of 3 and 7, this also works to build financial literacy from their inception.