For many, these conversations might be uncomfortable. Plenty of parents believe children should be sheltered from the realities of economic turmoil. However, nearly a quarter of parents do not feel that they have the expertise to deal with the more complicated questions about money.
CASE STUDY 1
According to research from the Association of Investment Companies, 93 per cent of parents believe personal finance education should be taught in the classroom when young people are at their most receptive.
PFEG runs a primary school level programme called What Money Means, a five-year scheme supported by HSBC to help provide pupils with basic financial education. It is designed to give younger children a strong foundation for managing their money now and in the future.
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