The UK Government is introducing financial literacy classes into primary schools in England.
Climate education and media literacy classes will also become compulsory for primary school students.
The changes will come into effect in England in 2028.
Scotland, Wales, and Northern Ireland manage education separately to the UK Government.
Financial literacy
From 2028, English primary school students will be taught lessons on “budgeting, debt, interest, mortgages and pensions”. Financial literacy is already compulsory for schoolchildren aged between 11 and 16-years-old.
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A recent review of the English curriculum found only a third of children could remember learning about money and finding their lessons helpful.
The Government said students will “learn more about the fundamentals of money, recognising that children are now consumers often before they reach secondary school”.
Response
There will also be broad changes to the curriculum, including new climate education, media literacy, and democracy and government subjects for primary school students. These courses are already in secondary schools.
Shadow Education Minister Laura Trott told The Guardian the changes were “education vandalism”.
“Labour’s idea of boosting social mobility is to teach primary school children about climate change instead of making sure they can read, write and add up properly,” Trott said.
