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<p>Education on financial matters helps to ensure that young people are prepared to
manage their money well, make sound financial decisions and know where to seek further
information when needed. In 2014, financial literacy was made statutory within the
national curriculum as part of the citizenship curriculum for 11-16 year olds. Pupils
are taught the functions and uses of money, the importance of personal budgeting,
money management and the need to understand financial risk. We have also introduced
a rigorous new mathematics curriculum, which provides young people with the knowledge
and mathematical skills to make important financial decisions.</p><p>An understanding
of consumer products and how they are advertised can be important in personal finances.
In the statutory relationships, sex and health education guidance, to be implemented
in all schools within England from September 2020, it states that pupils should be
taught about how advertising is targeted at them, and how they should be discerning
consumers of information online. The department has published further guidance on
teaching online safety, to support schools in their delivery of online safety content
within their curriculum and wider whole school approaches. This guidance is attached
and is available here: <a href="https://www.gov.uk/government/publications/teaching-online-safety-in-schools"
target="_blank">https://www.gov.uk/government/publications/teaching-online-safety-in-schools</a>.</p><p>
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