As part of their newly launched Understanding Money Month this June, EVERFI a leading education company who are committed to closing the education gaps that lead to long-term inequality, in partnership with popular app Teacher Tapp, has discovered that an resounding 97% of teachers feel that it’s important to teach students about finance.
To succeed in the modern world requires key skills like managing finances and teachers recognise the importance of the subject (97%). The research also highlights that 83% of teachers feel that it is their role to upskill their class as they transition into adulthood, in order to help bridge a gap that sees one in five adults having less than £100 in savings or investments – a historically low level in the UK. succeeding
However, of those that understand the need to educate students on financial matters, only 54% say they have enough time to plan and deliver these lessons, meaning students could be missing out on developing key skills and understanding in their formative years. The EVERFI and Teacher Tapp research also reveals that 37% of teachers say that financial education isn’t a current focus at their school.
EVERFI created Understanding Money Month to directly support teachers in delivering financial literacy to their classes to ensure students learn critical skills that will help them in years to come. EVERFI have created free downloadable planners to help teachers to plan and use their free, interactive and time efficient courses to help students make informed and smart decisions in the future.
The interactive programmes, classroom activities, weekly planners and challenges make it easy for teachers to deliver financial literacy education to their students that have been created in partnership with Young Enterprise. Available on EVERFI’s own platform the ready to go resources are split into three age-specific courses; Vault, Thrive and Aspire.
Each course helps primary and secondary school students make smarter decisions;
- Vault builds a financial foundation for nine to 9-11 year olds, teaching them how to borrow money responsibly, the basics of budgeting and the difference between stocks and shares.
- Thrive helps students 11-16 years old plan for their financial goals by teaching key financial skills through relatable connections to everyday life and socio-emotional learning skills e.g. self-awareness, prioritising, self-control.
- Aspire helps students aged 14-18 year olds prepare for their financial future by teaching about the economy holistically through different perspectives: as a consumer, an employee and an entrepreneur or employer, and understand its relevance to their lives.
Speaking about the ease of using Vault, Melanee Rose, Head of Maths at King’s House School Richmond said: “Managing money and learning how to save are vital skills to learn at a young age. The built-in lessons in Vault made the course very accessible to me as a teacher and I’m excited to teach pupils about the value of money.”
All EVERFI courses help create a more equal society by providing pupils with critical skills that prepare them for a brighter, happier, safer and more resilient future. EVERFI are offering Waterstones Vouchers for schools that sign up to Understanding Money Month by the end of June.
Laura McInerney, Co-Founder & CEO, Education Intelligence, who worked with EVERFI on the findings said “As a former PSHE teacher I was unsurprised to see so many people saying that financial education was important. Most adults wish they’d learned more about it at school and knowing more about finance is a way of boosting pupil’s real-world confidence”
Martin Finn, EVP Global Operations at EVERFI spoke about the idea behind the launch of the campaign: “Understanding Money Month came to life to help make it easy for teachers to embrace financial education. We know that they see it as important, but often find it hard to access and deliver. At EVERFI, we are here to support teachers with high quality courses and planning tools. With our Vault, Thrive & Aspire courses, we use real-life scenarios and interactive games to show learners how to make smart financial decisions, ensuring all students have the critical financial skills they need for the future.”
Head to the EVERFI Teachers website today to explore Understanding Money Month further and the EVERFI courses available.