Uncertain incomes, lifelong indebtedness and high housing costs are central to making financial capability a prominent issue for younger generations. Research has shown that children form habits and attitudes to money from as young as the age of seven, conveying the importance of LifeSavers’ work and its potential to improve financial wellbeing for the next generation.
Over the last two years, LifeSavers has engaged with nearly 1,200 teachers and 16,000 pupils, this includes 66 schools receiving training and support to deliver financial education to all year groups, as well as 46 of the schools opening savings clubs. This means, LifeSavers has helped over 1500 pupils start saving, with other pupils gaining valuable skills through volunteering to help run saving clubs. A recent evaluation report by Public Perspectives shows that LifeSavers has successfully taught children about money, including where it comes from and how to save, which we believe are essential aspects of learning, especially helping a child’s growth into adult life.