Don't miss a story sign up to the North Devon Gazette's FREE daily newsletter CLICK HERE

North Devon youths are money smart says survey

PUBLISHED: 09:30 12 March 2016


A new study by charity MyBnk has said 11-18 year-olds in the region are money savvy.

Young people in North Devon are the most money-smart youths in the South West, according to a new study.

The charity MyBnk surveyed 33,000 people taking part in their financial education workshops in England in 2014/15.

Students aged 11-18 were measured on their skills, knowledge and confidence coverying every-day personal finance issues.

On average there was a five per cent gap between South West youngsters and their London counterparts, leaving them less equipped to deal with other regional inequalities in jobs, poverty, and social mobility.

Guy Rigden, CEO MyBnk, said: “Our data shows young people are a lot more aware of the world of money than you may think, but they don’t necessarily understand how it effects them or how to manage it.

“It also demonstrates how the effectiveness of financial education varies widely across schools and regions.

“This study reveals the huge potential of young people when they receive relevant expert-led financial education that works.

“Funding is tight and it is becoming harder to deliver frontline projects like ours which helps narrow the inequality gap.

“The time has come to properly fund effective financial education for young people in UK schools.”

MyBnk said workshops would be available to schools and youth groups throughout the South West.

Comments have been disabled on this article.

Other News Stories

Yesterday, 14:34

An overturned trailer on the M5 which left three lanes closed has now been cleared.

Read more
Yesterday, 12:11

Our Devon quiz is back for another round!

Read more
Yesterday, 10:00

Pupils at Great Torrington Bluecoat Primary School have rallied round to collect donations for an animal rehoming centre.

Read more
Yesterday, 08:54

The North Devon link road is partially blocked due to an accident near Barnstaple.

Read more
Thu, 15:35

Thousands of pounds worth of power tools were taken in one night, when thieves broke into three parked vans in Ilfracombe.

Read more
Thu, 14:58

A crash involving a lorry and a car on the North Devon link road which was causing delays has now cleared. slowing traffic.

Read more
Thu, 11:00

Ostlers Cider Mill at Goodleigh has celebrated the traditional wassailing ceremony to begin the new year

Read more
Thu, 08:45

Devon and Cornwall residents are being polled on whether they would pay another £12 a year to ‘protect frontline policing’.

Read more
Thu, 08:03

Emergency services were called out after a large chicken shed blew onto a North Devon road.

Read more

Local Weather

Partly Cloudy

Partly Cloudy

max temp: 9°C

min temp: 6°C

Most Read News

Useful Links

Advertise in the paper
Submit a Story
Subscribe to the paper
North Devon Football League
Order Photos
Family notices
Google Plus Page
Reader Travel

Family Notices 24

Read Online

Read the North Devon Gazette e-edition E-edition

Newsletter Sign Up

Sign up to receive our regular email newsletter

Show Job Lists

Local business directory

North Devon's trusted business finder

Find planning applications