Every pupil is to receive “credit crunch” lessons in money management, the Education Secretary announced this week.

Research published by the Scottish Government into financial education across the country found it was variable.

Some 86 per cent of schools responding to the survey delivered financial education across subject areas and pupil ages. There was a range of providers and resources helping schools deliver it; however, some schools and teachers were unaware of this support.

As a result, Fiona Hyslop has asked Learning and Teaching Scotland to create a partnership team to address the proposals and produce a plan to improve it through the new numeracy curriculum. The Evaluation of Financial Education in Scottish Schools research, carried out in 2008, recommends that:

- A Curriculum for Excellence is used as the platform to embed personal finance within the curriculum;

- financial education is made more meaningful through the use of real-life scenarios;

- new technology - such as Glow - is taken advantage of;

- teachers are given more CPD in financial education.

- www.scotland.gov.ukPublications200902031417370

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