I recently attended the launch of the APPG on Financial Education for Young People’s report on the need to support young vulnerable people in the UK, who are not in mainstream education.
The report highlighted the need to financially educate our young vulnerable population to ensure they learn how to manage their money and contribute to their financial and social development thereby improving their overall well-being.
We can’t just blame the current economic climate for the lack of support being provided to our youth today, as the current Government continues to do. The need to support and invest resources to young people in these difficult times has never been stronger.
The report published went a long way in emphasising the need to take a concerted and collective approach in supporting the financial education of young people. Central Government, local authorities and financial institutions all need to work together to ensure our vulnerable youth gain a sound financial education.
It is only then that we will be able to ensure that our entire youth population reach their full social and economic potential.