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Less than half of children ‘have received a meaningful financial education’
Less than half of children ‘have received a meaningful financial education’
Less than half (47%) of children and teenagers aged seven to 17 have received a meaningful financial education, according to a Government-backed body. The Money and Pensions Service (MaPS) estimates from its findings that around 5.4 million children across the UK do not have the money skills they will need in adulthood. Children living in social housing, rural areas and in lower income households were found to be less likely to have received a meaningful financial education. And children with parents or carers with mental health conditions tend to be less likely to have received a meaningful financial education than the UK average, the findings indicate. The measure of meaningful financial education is based on the percentages of young people who recall receiving financial education at school that they considered useful, and/or received regular money from parents or work, with parents setting rules about money and handing over responsibility for some spending decisions. Research was conducted for MaPS between late summer and autumn 2022 across the UK by Critical Research, among more than 4,700 children and young people aged seven to 17 and their parents or carers. The proportion of children and teenagers found to have received a meaningful financial education is similar to 2019, when the figure was 48%. The report said: “When interpreting these results, it is worth remembering the disruption to education and normal life caused by the Covid-19 pandemic potentially limited opportunities for children to receive a meaningful financial education at school and/or home over the last three years. According to the latest findings, a third (33%) of children recall learning about money in school and finding it useful, and nearly a quarter (24%) have received key elements of financial education at home. It is worth remembering the disruption to education and normal life caused by the Covid-19 pandemic Money and Pensions Service report Only 10% reported having both, suggesting that children and young people tend to receive meaningful financial education either at home or at school and not as “joined-up” financial education, the report said. Younger children aged seven to 11 continue to be less likely to have received a meaningful financial education than older children aged 16 to 17, according to the report. Children in Scotland are the most likely (52%) to have received a meaningful financial education, the report indicated, followed by those in Wales (51%), England (46%) and Northern Ireland (43%). Those in Wales (79%) are more likely than those living in the UK (71%)as a whole to receive regular money from parents/carers or work, according to the research. As part of its UK strategy for financial wellbeing, released in 2020, MaPS is aiming for two million more children aged five to 17 to receive a meaningful financial education by 2030. It is urging parents to talk to their children about money and combine it with everyday experiences, such as food shopping, budgeting and wages from a part-time job. Our experiences in childhood prepare us for adulthood and learning about money is no different Sarah Porretta, Money and Pensions Service To help with this, MaPS offers free resources such as “talk learn do“, an online tool that helps parents to start the conversation. The MaPS, which is sponsored by the Department for Work and Pensions (DWP) and funded by levies on the financial services industry and pension schemes, added that teachers, school leaders and governors should work together to deliver financial education in classrooms. It is also calling on financial services and funders such as charitable trusts to increase their investment in the delivery of financial education. Sarah Porretta, executive director at MaPS said: “These figures will alarm everyone in financial education because more than five million children could be going without. “Our experiences in childhood prepare us for adulthood and learning about money is no different. It becomes a part of daily life and our financial decisions can bring real benefits and profound consequences, so it’s crucial to learn from a young age. “The race is on to educate the nation’s children and everyone, from banks and building societies to foundations and financial institutions, has a big part to play. “Parents and schools can also make a huge difference by combining money skills with everyday experiences, both inside and outside the classroom.” Read More Charity boss speaks out over ‘traumatic’ encounter with royal aide Ukraine war’s heaviest fight rages in east - follow live Harry Potter star Miriam Margolyes makes British Vogue cover debut aged 82 Toff: Drinking mindfully is a gift to yourself Should you sleep naked? Heatwave myths debunked
2023-06-14 17:52
Dolly Parton's stylist reveals what happens to her clothes after she's worn them: '10 outfits in a day is not unusual'
Dolly Parton's stylist reveals what happens to her clothes after she's worn them: '10 outfits in a day is not unusual'
Since 1964, almost every outfit she has worn has been photographed, documented, and categorized based on color, genre, and style
2023-06-02 21:48
Chinese authorities swoop on restaurant that challenged customers to eat 108 dumplings
Chinese authorities swoop on restaurant that challenged customers to eat 108 dumplings
A restaurant in China that challenged its customers to eat more than 100 dumplings in return for a free meal has fallen foul of authorities, who are investigating whether it has violated the country's anti-food waste law.
2023-07-09 10:49
NASA needed help with a mission. The Vatican came to the rescue.
NASA needed help with a mission. The Vatican came to the rescue.
When a NASA robot scooped a cup of gravel from an asteroid 200 million miles
2023-09-16 17:47
Celebrity chef John Mountain says vegans are ‘banned’ from restaurant after complaint from customer
Celebrity chef John Mountain says vegans are ‘banned’ from restaurant after complaint from customer
A celebrity chef has “banned” vegans from his restaurant after reportedly receiving a negative review from a customer who criticised the lack of plant-based options. On Tuesday, Chef John Mountain revealed on the Facebook page for his restaurant Fyre that the eatery would no longer be catering to vegan diners. According to Mountain, the decision to ban vegans from the Perth, Australia, restaurant was due to “mental health reasons”. “Sadly all vegans are now banned from Fyre (for mental health reasons),” the post on the restaurant’s Facebook reads. “We thank you for your understanding. Xx.” The post also included the caption: “Yep. I’m done.” and the hashtags #vegan, #not, #pleasegoelsewhere, #veganfreezone, and #nomorevegans. The decision allegedly stemmed from a bad review posted by a vegan customer, with Chef Mountain telling PerthNow that a customer had reached out to him to ask if there were any vegan options at the restaurant, and that he’d promised he would accommodate her. “A young girl reached out to me and said she was coming to the restaurant… and asked if there were vegan options,” he said. “It was my only shortfall… I said I would accommodate her, I said we had gnocchi, vegetables… and that was that.” However, according to Mountain, who previously starred on the BBC show Great British Menu, he’d forgotten about the woman’s request when she came to dine on Saturday, as he’d been busy catering a private party. “Saturday came around and sadly I’d forgotten… I had a private party I had to cater for,” he told the outlet, adding that his sous chef had reportedly reprimanded him for “not telling them about the vegan customer”. According to the UK-born chef, the woman wrote a complaint to the restaurant on Facebook the following day, in which she’d criticised the $32 vegetable dish that had been her “only option”. The woman’s message also reportedly read: “I think it’s incredibly important nowadays that restaurants can accommodate everyone and to not be able to have actual plant-based meals shows your shortcomings as a chef. “I hope to see some improvements in your menu as I have lived in Connolly for quite some time and have seen many restaurants come and go from that building and none of them last. If you don’t get with the times, I don’t hold out faith that your restaurant will be the one that does.” The restaurant reportedly addressed the woman’s complaint in a response of its own, in which it noted that it tried to “accommodate everyone” before encouraging the customer to “feel free to share your sh**ty experience”. “Thanks for your negative review… please feel free to share your sh***y experience and I look forward to not seeing you again. How very childish. You and all your vegan mates can all go and enjoy your dishes in another venue, you are now banned,” the restaurant’s response read, according to PerthNow. Although Chef Mountain admitted he’d said he would accommodate the woman and then “didn’t,” she’d made the complaint “personal”. The chef also claimed that, as a result of the woman’s complaint, his restaurant was flooded with negative one-star reviews on Google, which he said “really hurts the business”. “F*** vegans seriously… I’m done. At the end of the day, it’s not what I want to do, they can f*** off,” he added. Mountain reiterated the sentiment while speaking to 7News, with the chef telling the outlet: “F*** vegans, I’m done with them.” Mountain also claimed that customers should “know what they’re getting from me,” as he has previously written a cookbook titled Pig. “I once wrote and sold a book called Pig which had pork recipes. People know what they’re getting from me,” he said. “I understand where vegans are coming from but my job is to make food taste as good as I can and I can’t always cater to everybody’s dietary requirements.” On social media, the chef’s ban on vegans has sparked an intense debate among customers, with some praising Mountain and Fyre, while others have condemned the decision. “Bravo! Good on you mate, great stance. It’s nowhere near where I live but I will definitely come to your restaurant now,” one comment under the Facebook post reads, while another person wrote: “Can’t wait to try this place, just booked a table! Looking forward to a nice piece of rare steak.” The restaurant has also received a flood of positive reviews on its Facebook, where many have praised both the food and the staff, while others have applauded the restaurant’s “principles” and “ethics”. “Outstanding chef. Great rules and ethics,” one review reads, while another recent review states: “Great staff, great food and a chef with principles.” However, the restaurant has also continued to face criticism over Mountain’s “ban” on vegans, with one recent review reading: “You can’t call yourself a chef if you can’t even cook veggies. Owner is very arrogant and can’t take criticism.” “Discriminating and refusing vegans into his venue, all for a complaint for not following an agreed vegan option. How disgusting,” someone else wrote. The restaurant’s alleged ban on vegans comes after a vegan landlord in New York City recently went viral after requesting that only tenants who follow a plant-based diet live in the building. The Independent has contacted Chef Mountain for comment. Read More Vegan landlord seeks tenants for $5,750 New York apartment with period features. Meat eaters need not apply Vegan family asks neighbours to close their windows when cooking meat Former vegan says meat ‘saved her life’ after diet ‘made hair fall out’ Missing Glastonbury? Here’s how to have a festival feast at home Four berry sweet recipes that go beyond strawberries and cream Can you whip up the perfect burger in just five minutes?
2023-06-21 02:47
'Stranger Things' welcomes another 80s icon as Linda Hamilton joins Season 5
'Stranger Things' welcomes another 80s icon as Linda Hamilton joins Season 5
There's nothing that says "summer" quite like the opening notes of the Stranger Things theme
2023-06-18 21:59
Who is Billy Busch? Anheuser-Busch heir says his ancestors are 'rolling over in their graves' after Dylan Mulvaney fiasco
Who is Billy Busch? Anheuser-Busch heir says his ancestors are 'rolling over in their graves' after Dylan Mulvaney fiasco
According to Billy Busch, the company that acquired his family's business should not have chosen to feature a trans individual on the Bud Light can
2023-08-05 15:57
Women denied abortions in Texas ask court for clarity over state's exceptions to ban
Women denied abortions in Texas ask court for clarity over state's exceptions to ban
Women who sued Texas after saying they were denied abortions despite serious risks to their health are asking a court to step in
2023-07-19 18:54
'Too much sugar is bad': Fans express concern as Mama June's husband Justin Stroud relishes candies in review video
'Too much sugar is bad': Fans express concern as Mama June's husband Justin Stroud relishes candies in review video
'Mama June' star June Shannon's husband Justin Stroud reviews a box of candies with his nieces
2023-06-14 13:19
Grab the Dyson V11 Extra for its lowest price ever at Best Buy
Grab the Dyson V11 Extra for its lowest price ever at Best Buy
SAVE UP TO $195: Paid My Best Buy members can grab the Dyson V11 Extra
2023-10-10 23:52
When does the 2024 F1 season start?
When does the 2024 F1 season start?
The 2024 F1 season starts on March 2 with a unique Saturday night race in Bahrain. Formula 1 embarks on a record-breaking 24-race season next year, an increase from 22 races in 2023. The season is also longer in terms of duration, running from February-December as opposed to March-November. Pre-season testing takes place at the Bahrain International Circuit from February 21-23 before the opening race at the same circuit. Bahrain, which has hosted the season-opener since 2021, usually hosts its grand prix on a Sunday as is customary in the sport, but due to Ramadan next year’s race will be on a Saturday night. Sunday is considered a “feast day” during the Islamic festival, which sees the world’s almost two-billion Muslims fast between sunrise and sunset during the other six days of the week. The second race in Saudi Arabia will also be on a Saturday, meaning there will be three out of the record-breaking 24 races held a day earlier than usual, with Las Vegas set for a Saturday night lights out. The Chinese Grand Prix – not held since 2019 due to Covid-19 restrictions – is set to return in Shanghai on April 21, while there are no brand new additions to the calendar, with the Belgian Grand Prix at Spa-Francorchamps extending its contract for another season after potential plans for a race in South Africa fell through. The British Grand Prix at Silverstone will be held in its traditional slot on Sunday 7 July and the season will finish, as usual, with the Abu Dhabi Grand Prix at Yas Marina on December 8. 2024 CALENDAR IN FULL: February 29-March 2: Bahrain Grand Prix at Sakhir March 7-9: Saudi Arabia Grand Prix at Jeddah March 22-24: Australia Melbourne April 5-7: Japan Grand Prix at Suzuka April 19-21: China Grand Prix at Shanghai May 3-5: Miami Grand Prix at Miami May 17-19: Emilia Romagna Grand Prix at Imola May 24-26: Monaco Grand Prix at Monaco June 7-9: Canada Grand Prix at Montreal June 21-23: Spain Grand Prix at Barcelona June 28-30: Austria Grand Prix at Spielberg July 5-7: British Grand Prix at Silverstone July 19-21: Hungary Grand Prix at Budapest July 26-28: Belgium Grand Prix at Spa August 23-25: Netherlands Grand Prix at Zandvoort August 30-September 1: Italy Grand Prix at Monza September 13-15: Azerbaijan Grand Prix at Baku September 20-22: Singapore Grand Prix at Singapore October 18-20: USA Grand Prix at Austin October 25-27: Mexico Grand Prix at Mexico City November 1-3: Brazil Grand Prix at Sao Paulo November 21-23: Las Vegas Grand Prix at Las Vegas November 29–December 1: Grand Prix at Qatar Lusail December 6-8: Abu Dhabi Grand Prix at Yas Marina Read More Relegation and promotion in F1? An alternative reality to reinvigorate Abu Dhabi Christian Horner reveals talks with Lewis Hamilton’s father over Red Bull seat F1 Abu Dhabi Grand Prix LIVE: Practice updates and times at Yas Marina
2023-11-25 01:50
Ready for a digital euro? At 25, European Central Bank preps for future of money
Ready for a digital euro? At 25, European Central Bank preps for future of money
Proposals for a digital European currency are taking shape
2023-05-25 02:56