“The first year of financial education has proved to be a good one for parents, teachers and children, but evidence from our research suggests that improvements could be made to make the subject more meaningful.
“Just a quarter of children said they had taken part in personal finance lessons. The harsh reality is that those with poor numeracy skills are twice as likely to be unemployed and more likely to be in debt.
“Parents believe it is their responsibility and that of the schools to teach children about the importance of money, but we believe everyone has a role to play in ensuring a better understanding of essential every day number skills, including money.
“That includes Nationwide, and we’ve taken an active interest in encouraging greater awareness around money management, setting ourselves the tough target of improving the numeracy skills of 200,000 people by 2017. And to do this, we’ve launched Saving the Day; an interactive, National Curriculum-based game designed to help students, parents and teachers alike learn about money management in a fun and engaging way.”