Financial capability: Why is it important and how can it be improved?
This perspective piece is aimed at those with an interest in the development of national financial capability strategies and those who are developing or implementing financial capability programmes.
Many international bodies, politicians, central bankers and financial services regulators have called for action to be taken to help people to manage their personal finances better – that is, to help people to become more financially capable. Several countries have launched national strategies or programmes designed to achieve this.
But what does it mean to be financially capable? What are the benefits? And what are the most effective ways of helping people to manage their personal finances better?
This paper suggests answers to those questions. In doing so, it discusses initiatives being undertaken, both by international organisations and at a national level, to promote financial capability. It also makes a number of recommendations on the future development of financial capability strategies and programmes.
The report has been produced by CfBT Education Trust as part of their Perspectives series. These reports are a series of thinkpieces or commentaries that aim to contribute to the debate on key educational issues or topics. CfBT would welcome any comments on their report via research@cfbt.com.
The National Literacy Trust have created a digital map of Black and Black British authors, illustrators, publishers and bookshops from all over the UK.
The next meeting of the Essential Skills and Inclusion Network will be held online on the 11th of November. All Practitioners of English, Maths, ESOL, SEND and digital skills working in the prison sector are welcome.
New resources mapping the Professional Standards for Teachers and Trainers to the career development of practitioners have been released by the Education and Training Foundation.
Check out the Skills for Life Network E-News Update September 2022 for a round up of what’s new and what’s happening in maths, English, ESOL and digital skills in the FE and Training sector.
Financial capability: Why is it important and how can it be improved?
Financial capability: Why is it important and how can it be improved?
This perspective piece is aimed at those with an interest in the development of national financial capability strategies and those who are developing or implementing financial capability programmes.
Many international bodies, politicians, central bankers and financial services regulators have called for action to be taken to help people to manage their personal finances better – that is, to help people to become more financially capable. Several countries have launched national strategies or programmes designed to achieve this.
But what does it mean to be financially capable? What are the benefits? And what are the most effective ways of helping people to manage their personal finances better?
This paper suggests answers to those questions. In doing so, it discusses initiatives being undertaken, both by international organisations and at a national level, to promote financial capability. It also makes a number of recommendations on the future development of financial capability strategies and programmes.
The report has been produced by CfBT Education Trust as part of their Perspectives series. These reports are a series of thinkpieces or commentaries that aim to contribute to the debate on key educational issues or topics. CfBT would welcome any comments on their report via research@cfbt.com.
Click here to view the paper
Post Views:
11
Further Information
Sign up for our e-News Update
Subscribe
You may also like
Black British Book Map
The National Literacy Trust have created a digital map of Black and Black British authors, illustrators, publishers and bookshops from all over the UK.
Essential Skills & Inclusion Network meeting
The next meeting of the Essential Skills and Inclusion Network will be held online on the 11th of November. All Practitioners of English, Maths, ESOL, SEND and digital skills working in the prison sector are welcome.
SEND Community of Practice
The next meeting of this SEND Community of Practice will be held online from 2.30pm to 4pm on the 25th November 2022 (no charge).
New resources to support your career development
New resources mapping the Professional Standards for Teachers and Trainers to the career development of practitioners have been released by the Education and Training Foundation.
Skills for Life Network E-News Update September 2022
Check out the Skills for Life Network E-News Update September 2022 for a round up of what’s new and what’s happening in maths, English, ESOL and digital skills in the FE and Training sector.