One in three people say they are struggling with debt by the age of 24, and the majority of young people say money makes them worry for the future. But only 40% of school students ever receive financial education in schools.
Wolves and main club sponsor The Money Shop have linked up on the joint initiative to deliver financial advice to the city’s young people, with The Money Charity chosen to lead the project.
It is designed to give young people advice on managing a budget, saving money and avoiding problem debt, supporting teachers and schools in any other advice they are offering.
The Money Charity has delivered financial education workshops for more than 160,000 school students since 2010, developing the experience and materials needed to help young people learn about money.
Wolves Community Trust Education Development Officer Jonny Warburton says the workshops held to date have been a success.
He said: “The Money Charity workshops demonstrate and raise awareness of how to manage finances from an early age and have been really well received from schools within Wolverhampton that have worked with the programme.”
There are still opportunities available for other schools to take advantage of the free workshops. All schools taking part will be entered into a draw to win several different prizes including match tickets, signed merchandise or a stadium tour of Molineux to include the Museum.
If you are a parent or teacher in Wolverhampton who’d like to see your school delivering good financial education please get in touch with Shirin Marashi at shirin@themoneycharity.org.uk.
