The Money Advice Service (MAS) is helping to launch a £700,000 fund to trial ways children as young as three years old can be taught the tools and information they need to manage their money later in life.
The project, run jointly with the Education Endowment Foundation (EEF), marks an ambitious shift in MAS' approach to making consumers more financially savvy. It will seek to investigate and find evidence for what works and fails in trying to improve the UK's money management skills and educational achievement through financial education. Latest figures from the body suggested a growing need for the education, with more than 22 million customers contacting it directly or through its partner organisations online, telephone and face-to-face last year, a jump on the previous year of more ...
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