Current status: Answered by Mairi McAllan on 26 May 2026
To ask the Scottish Government what action it is taking to promote financial education in the curriculum.
The Scottish Government recognises the importance of Financial Education in equipping learners with key life skills. Financial Education is embedded in the curriculum in Scotland through numeracy and mathematics, business studies and personal and social education classes. Financial Education is a key feature of Curriculum for Excellence Experiences and Outcomes for Numeracy and Mathematics, supporting learners to understand concepts including credit, debt, earnings and deductions alongside effective financial management, making appropriate use of technology and understanding the importance of budgeting.
The Money and Pensions Service report in 2023 - UK Children and Young People’s Financial Wellbeing Survey: Financial Foundations | Money and Pensions Service found that children in Scotland were more likely to have received a meaningful financial education than those living in the UK as a whole.
Education Scotland (ES) is currently reviewing the curriculum in line with the Curriculum Improvement Cycle. This work includes reviewing the place of Financial Education within the curriculum. ES are engaging with teachers, academics and a range of stakeholders including representatives from the Money and Pensions Service, Qualifications Scotland, the National Association of Student Money Advisers and Money Ready. As part of this work ES are examining the current landscape of financial education with the aim of supporting a coherent and equitable approach to the subject across Scotland’s schools.