Switch Up reposted this
Global Head of Social Innovation & UK&I Head of Corporate Responsibility at Experian + Fellow of the IOIC
Unbelievably proud of the impact National Literacy Trust have had over the last three years through the support of Experian's United for Financial Health programme. The financial literacy course developed, tested and adapted in partnership with Foundation 92 has already helped build financial confidence in 96% of the 1,000 young people to have gone through the five money modules. And I love the creative way Words That Count is being delivered. By giving training and resources to 15 grassroots organisations (like Solihull Moors Foundation, Notts County Foundation, Foundation 92 and Switch Up), National Literacy Trust are ensuring the young people who engage with those organisations through the sports they play are also getting access to essential money management tools. We're only just beginning the journey. #UnitedForFinancialHealth #UniquelyExperian
Functional literacy and financial capability are crucial for young people today. However, many lack the literacy skills to manage their finances confidently. 📝 Last year, 35% of 16-year-olds didn't achieve good grades in English and maths GCSEs, rising to 57% of young people from disadvantaged communities (source: Department for Education). 💬 Additionally, 77% of this age group worry about money (source: The London Foundation for Banking & Finance). Our research shows that good reading skills are strongly linked to good financial skills. Yet, gaps in literacy and financial capability persist, especially among young people from disadvantaged communities. Over the past three years, we've partnered with Experian to equip nearly 1,000 young people with the words, knowledge and skills to make informed decisions about their money through our Words that Count programme. Results include: ✅9 in 10 (90%) young people had an increased understanding of money management ✅ Confidence in managing money doubled (from 49% to 96%) ✅ 8 in 10 (78%) felt confident using financial vocabulary ✅ Our digital campaign reached over 16 million young people and parents In the 2024/25 academic year, we will continue to grow the reach and impact of Words that Count to empower more young people aged 14-19 to make good financial decisions and build financial resilience. To maximise engagement, we will explore new and meaningful community partnerships, trial an innovative game-based digital learning resource and introduce bespoke book packs. To find out more about the programme and its impact, check out our latest report: https://lnkd.in/eaaP43vw