The What Works for Financial Education project aimed to ascertain to what extent training teachers to plan and deliver financial education impacts on the financial capability of the young people they teach. The project focused specifically on post-16 learners (KS5) and their teachers in schools in England, a group that has previously not been a focus in financial education teaching.
Overview
In 2017/18, Young Money and the University of Edinburgh Business School undertook a research study with post-16 students and teachers from 120 schools across England. The study was designed to ascertain the impact training teachers to plan and deliver financial education would have on the financial capability of the young people they were teaching. The training covered five key themes:
In 2018/19, a further follow-on study was completed with a smaller sample of schools to assess the longer-term impact of the initial training. Both studies were funded by the Money and Pensions Service’s What Works Fund, and the reports are available for download in the right-hand menu.
Key Findings
The initial study found that teacher training had a positive impact on both teachers and students, leading to improvements in teacher confidence delivering financial education, as well as improvements in students’ confidence and behaviour across a range of financial capability outcomes. The results of a recent follow-on study show that the short-term positive improvements in students’ confidence and behaviour observed in the initial study have been strengthened further.
Download the full reports from both studies for the complete findings using the links on the right.
Download the reports:
Original Study (2017/18) – Full Report
Follow-on Study (2018/19) – Full Report
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