Martin Lewis video: How to teach your kids about debt and why financial education matters

We live in one of the world’s most competitive consumer economies. Companies spend billions of pounds on advertising, marketing and teaching their staff to sell. Yet consumers don’t get buyers’ training. Financial education is crucial to address this misbalance.

I was delighted to be part of the campaign that put financial education on the English national curriculum in 2014, but in many ways it was a Pyrrhic victory, with too few resources pumped in meaning it isn’t doing the good it should (I’ve now given up on Govt and plan to do something myself – see new financial education textbooks).

Yet some schools are already doing a brilliant job; they’re part of the Young Money charity centre of excellence scheme. I went to talk to the teachers of that scheme and to some of those who are planning to take part, at a conference a month or so ago. Below is a video of it, which I hope many parents will find enjoyable too.

Related videos: Martin Lewis: The four things you need to be successful.