LESS than half of children in Yorkshire and the Humber have been taught about money at home or in school, according to a new report.
Financial Foundations, based on a survey of 342 of the region’s children aged seven to 17, found just 43 per cent had received a meaningful financial education in either or both settings.
After extending the measure across five and six-year-olds, the Money and Pensions Service (MaPS) estimates over 480,000 children in Yorkshire and the Humber don't have the money skills they’ll need in adulthood.
The poll asked if they remember getting a financial education at school that they considered useful, with 21 per cent saying they had.
They were also asked if they received regular money from either parents or work, if their parents set rules on it and whether they were given responsibility for spending decisions, with 13 per cent saying yes to all three.
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