Home » News » Financial capability: Why is it important and how can it be improved?

Financial capability: Why is it important and how can it be improved?

Research, Commentary, Reports , Financial Literacy
Skills for Life Network

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

Further Information

No further information

Sign up for our e-News Update
Subscribe

You may also like

Artificial Intelligence tools for teachers

Artificial Intelligence tools for teachers

The Government is investing up to £2m to ensure that all teachers in England will benefit from new tools powered by Artificial Intelligence (AI) that will help them plan lessons and reduce their workloads.

Downloadable functional skills resources

Downloadable functional skills resources

The Functional Skills Resources subscription website has hit a landmark figure of 300 unique resources available for you to download and use with your learners.

Understanding Tech and AI

Understanding Tech and AI

This series of bitesize podcasts from BBC Sounds provides an engaging and useful introduction to current technology, including AI.