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<p>In a recent submission to the Department for Education consultation on the future
of PSHE education the Just Finance Foundation set up by the Archbishop of Canterbury
reported that 40% of UK adults have less than £100 in savings and struggled to manage
money. The impact of potential lifelong indebtedness makes financial capability an
issue of pressing importance for younger generations. The Church of England approached
this through the foundation of an education programme called LifeSavers.</p><p>LifeSavers
was designed to practically demonstrate how schools can weave financial education
throughout the teaching and life of the school in a way that is sustainable. Funding
has currently has enabled the scheme to operate in 70 schools with a further 50 next
year. Half of the number of LifeSavers schools operate in Church of England schools
and more than 15,600 pupils have already taken part in LifeSavers, and over 1,200
teachers have been trained through its Continuing Professional Development (CPD) programme.
The results seen by the Just Finance Foundation to their projects has led them to
press the Department for Education to put financial education on an equal footing
within the PSHE curriculum.</p>
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