Why Scouts are lending a hand on tackling financial literacy in the wake of the pandemic.
Children start forming their spending and saving habits as early as seven, but unlike in other countries money management skills are not part of the core curriculum in England's primary schools.The vast youth organisation, which includes more than 57 million scouts around the world, is launching a new merit badge in the UK all about money.
Badges are a crucial pillar of scouting, helping children acquire a huge range of skills from fire-lighting to DIY. But things have moved on, and over the years recent additions to the range of badges that kids work towards are environmental conservation and digital citizenship.now is as a response to the disruption to maths and numeracy learning for millions of children caused by Covid.
The National Literacy Trust commissioned a report in 2019 analysing literacy and financial capabilities and found nearly a quarter of UK adults struggle with basic numeracy. The knock-on effect is that millions of people have problems budgeting effectively, planning for the future and making informed decisions about their finances.It's a worrying picture that's reflected internationally.
"One of the activities is to learn about the difference between needs and wants," says Ms Butterworth.
Danmark Seneste Nyt, Danmark Overskrifter
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