CII RESEARCH SHOWS 94% OF PUBLIC BELIEVE FINANCIAL
EDUCATION IN SCHOOLS IS NECESSARY
78% believe people’s knowledge of financial matters is poor
94% believe people should take more responsibility for financial planning
Ahead of the All Party Parliamentary Group on Financial Education for Young People
publishing its report today, research from the Chartered Insurance Institute (CII) shows
overwhelming public support (94%) for financial education to be taught in schools.
The survey, the third since 2004, showed public attitudes have remained almost consistent
since the last survey in 2008, when 96% of the respondents said that people should take
more responsibility for their financial planning and that financial education should form part of
the national curriculum (95%). There was a marked change in the public response to both
questions compared to the same survey in 2004, when 85% said people should take more
responsibility for their own financial planning and 75% felt that financial education should
form part of the curriculum.
Daniel Pedley, public affairs manager – CII, commented: “This survey shows a strong public
belief that people should take more responsibility for their own financial planning. We believe
the recession and subsequent austerity have been influential in creating this attitude; it’s also
underpinned by a long term switch in responsibility moving from the State to the individual,
as highlighted in the latest British Attitudes Survey.
The survey was carried out by ComRes on behalf of the CII. ComRes interviewed 1005 GB adults by
telephone between 18th and 20th November 2011. Data were weighed to be representative
demographically of all GB adults.
ComRes is a member of the British Polling Council and abides by its rules