Financial education could give 40-yr olds extra £22k

clock

Compulsory financial education in schools could see an average couple in their late 40s up to £22,000 better off.

A report commissioned by Norwich Union and written by the consultancy arm of the Institute of Public Policy Research (ippr), ippr trading, reveals taking lessons from the US and providing school children with financial education could see people being richer by a year’s earnings. It claims if it is introduced into the curriculum now, people between the ages of 35 and 49 could be between £13,000 and £32,000 better off each year because of better financial decision making. The findings reveal: A single person with no children could benefit by an extra £13,000 A couple with no children ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Feel Good Friday: Hoxton Wealth launches 'online community' for aspiring financial planners

Feel Good Friday: Hoxton Wealth launches 'online community' for aspiring financial planners

Study support and access to industry events available

Professional Adviser
clock 03 January 2025 • 1 min read
Taking control: 2025 New Year's resolutions for advisers

Taking control: 2025 New Year's resolutions for advisers

'The trouble with resolutions is you’re supposed to keep them'

Brendan Llewellyn
clock 02 January 2025 • 3 min read
Canada Life to sell onshore bond business to insurance firm Chesnara

Canada Life to sell onshore bond business to insurance firm Chesnara

Strategic review prompts transfer as Chesnara expands life and pension portfolio

Sahar Nazir
clock 23 December 2024 • 1 min read