This petition was submitted during the 2015-2017 parliament
Rejected petition Introduce Wealth Studies into the Curriculum and Education System
We aren’t taught how to manage our money effectively when in the education system.
Hence we don't develop good money habits, are unarmed to make the best financial decisions, leading to increased reliance on the state.
We must educate the next generation in wealth management skills.
More details
We must introduce education, spanning concepts such as financial goal setting, compounding, income versus capital appreciation, calculating returns, different investment types, risk, debt, tax as well as good financial habits.
Such necessary topics can be introduced over time and done in an accessible way. The options for introduction are numerous including weaving into existing subjects such as Mathematics, or even the development of new subjects and qualifications.
This type of initiative has the potential for widespread positive impact on society by increasing innovation, modernising skills, improving tax compliance, averting pension crisis, managing personal debt and associated health issues, as well as reducing reliance on social security benefits.
This petition was rejected
Why was this petition rejected?
It’s not clear what the petition is asking the UK Government or Parliament to do.
Personal financial skills are already part of the national curriculum at Key Stage 3 & 4. It is not clear from your petition what further action you would like the Government to take.
You can find out more about what is taught here: https://www.gov.uk/government/publications/national-curriculum-in-england-citizenship-programmes-of-study/national-curriculum-in-england-citizenship-programmes-of-study-for-key-stages-3-and-4
If you think the current requirements are insufficient you could start a new petition call on the Government to modify the financial skill covered by the curriculum. If you wish to do this it would be helpful if you would note in the text of your petition where you proposals go beyond what it already in that curriculum.
Alternatively you may wish to consider starting a petition calling on the Government to improve the quality of teaching of personal finance skills.
We only reject petitions that don’t meet the petition standards.