X Close

IOE Blog

Home

Expert opinion from IOE, UCL's Faculty of Education and Society

Menu

Financial literacy part 3: Are there socio-economic differences in how parents interact with their children about money?

By Blog Editor, IOE Digital, on 11 February 2022

John Jerrim.

In the previous blog in this series I investigated socio-economic differences in young people’s financial skills. This focused upon the types of financial questions that young people from advantaged backgrounds can successfully answer, that their peers from disadvantaged backgrounds can’t.

In this next blog, I start to consider socio-economic differences in one of the key inputs into the development of young people’s financial skills – the role of their parents. Are there certain things that higher-income parents do with their offspring to nurture their financial skills, that lower-income parents do not?

Lets take a look (with further details available in the academic paper here). (more…)

Financial literacy part 4: Do disadvantaged children receive enough financial education in school?

By Blog Editor, IOE Digital, on 11 February 2022

John Jerrim.

In the third blog in this series I started to investigate socio-economic differences in the inputs into young people’s financial skills, focusing upon the role of parents.

Schools, of course, also have a key role in helping to develop children’s financial skills. Therefore, in this final blog of the series, we turn to socio-economic gaps in the provision of financial education within primary and secondary schools.

Big gaps in primary schools

Let’s start by looking at what happens in primary school. Figure 1 illustrates the percent of primary pupils who say they have been taught various financial skills at school, stratified by socio-economic background.

There are two striking results. (more…)

Financial Literacy part 1: How unequal are children’s skills?

By Blog Editor, IOE Digital, on 10 February 2022

John Jerrim. 

In an increasingly complex financial world, it is important that we ensure young people develop a sound knowledge of financial issues and possess key financial skills. This is particularly important for young people from disadvantaged socio-economic backgrounds who, unfortunately, are the most likely to struggle financially during adulthood and become entrapped in a cycle of poverty and debt.

Yet, in the UK, we know relatively little about children’s financial capabilities, including differences between socio-economic groups, and the age when such gaps start to develop.

Along with Jake Anders, and Lindsey Macmillan, I have tackled this issue in a new academic paper. This uses data from the 2019 Children and Young People’s Financial Capability Survey – based upon responses from 3,745 children from across the UK.

Spoiler alert! The gaps are pretty big, and emerge pretty early. (more…)

Financial literacy part 2: What can rich kids do that poor kids can’t?

By Blog Editor, IOE Digital, on 10 February 2022

John Jerrim.

The first blog in this series illustrated how there are substantial socio-economic gaps in children’s financial literacy skills, with these differences emerging before the start of primary school.

But what exactly can rich kids do – in terms of their financial knowledge and skills – that poor kids can’t?

This blog takes a closer look. (more…)

Top of the blogs: what topics made it into our readers’ 2021 hit parade?

By Blog Editor, IOE Digital, on 6 January 2022

Diane Hofkins.

2021 was not the year we were hoping for. Dominated by the pandemic, it was a year of disrupted education, work and recreation. Many people lost friends and family members, Physical and mental health suffered.

As with every aspect of life, the pandemic cast its shadow across every topic touched on by the IOE Blog last year: the challenges of school leadership, mental health, the arts, remote learning, relationships with parents, and especially inequality. In January, Melanie Ehren and colleagues wrote of the ‘Matthew Effect’: “For whoever has, to him shall be given […] but whoever has not, from him shall be taken away even that he has”. The Covid Generation, they said, will have educational winners and losers. And (more…)

Why do British Bangladeshis have some of the worst Covid outcomes in the UK?

By Blog Editor, IOE Digital, on 9 July 2021

geralt / Pixabay

Victoria Redclift and Kusha Anand.

As the Government lifts the remaining Covid restrictions, many scientists, politicians and commentators fear that this latest phase of the pandemic will again bring greater risk to those with insecure and public-facing jobs. Many of these people are from ethnic minorities, and our recent research helps explain why they have been disproportionately affected throughout the past 18 months. It suggests that racial discrimination in employment has played a part.

The pandemic has drawn our attention to pre-existing inequalities. In the Covid-19 crisis, ethnic inequalities show up in two fundamental ways: first, through exposure to infection, and second, through the impact of lockdown on income.

At the same time, the consequences of the crisis are not uniform across minority ethnic groups. Understanding why these variations exist is imperative for thinking about the role policy can play in tackling inequalities. According to Public Health England, the people most at risk of dying of Covid have been of Bangladeshi ethnicity. They have been twice as likely to die as white British people and, if treated in (more…)

Will we have a Beveridge Report for ending the attainment gap?

By Blog Editor, IOE Digital, on 12 May 2021

IOE Events.

Just as one can’t out-exercise a bad diet, education policy and the efforts of schools and teachers can’t out-run societal inequalities.  But they can serve to exacerbate or  alleviate those inequalities.

The socio-economic attainment gap has been a long-standing focal point of education policy and debate, albeit not as long-standing as the attainment gap itself. It’s a gap that seems in some respects inevitable and intractable (and on that point it is sobering to remind ourselves that 14m people in the UK, around a fifth, live in relative poverty; that’s a third of children).  It is an aspect of education systems that leaves optimists fatalistic, and new teachers surprised to find themselves defending elements they never thought they would, such as high-stakes exams.

For our debate What if… we really want to close the attainment gap ‘post-Covid’? we were (more…)

The home schooling quagmire: it’s about more than laptops

By Blog Editor, IOE Digital, on 5 May 2020

Jennie Golding.

The move to ‘home schooling’ has, quite rightly, triggered a storm of commentaries about how the gap between the disadvantaged and the middle class will widen.

Last week the House of Commons Education Select Committee conducted a session on the impact of COVID-19 on education and children’s services. Several MPs, particularly from more economically challenged northern constituencies, expressed their fears about inequity of access to education during school closures. The answer to many of their questions was ‘We don’t yet know’ – whether there is a correlation between pupils’ time studying and their socioeconomic position, how many disadvantaged learners are not eligible for free laptops – or when and how schools will re-open to more young people.

Committee chair Robert Halfon warned that the UK could be facing a ‘wave of educational poverty’ as a result of the lockdown – and of course there is a moral imperative to prioritise the needs of those who are already disadvantaged. However, emerging evidence suggests the picture is complex, and there are serious challenges across all social groups.

My own current research with primary schools and A Level providers has serendipitously (more…)

Our young people deserve to have citizenship education teachers who are properly trained if we are to close the class gap in political awareness

By Blog Editor, IOE Digital, on 8 January 2020

Hans Svennevig and Sera Shortland.

“I want to grow up in a country where the people are more powerful than the government.”

This statement was made by 16-year-old Harry in a speech he gave during MP6, a political speaking competition in Leicester. MP6 was part of his school’s Citizenship education programme, which, in a new decade, with a new government, is more important than ever.

Citizenship education inspires and encourages political knowledge and action. It is often the only opportunity within the curriculum that Harry and others might have to learn about democracy, government, politics, elections, referenda, human rights and international organisations such as the EU and the World Trade Organisation. Perhaps most importantly, it’s a chance to develop their own skills of active participation.

(more…)

Cultural capital and curriculum: will OFSTED’s new framework encourage better education in our schools?

By Blog Editor, IOE Digital, on 9 September 2019

Michael Young.

OFSTED’s decision to revise their Inspection Framework to give less emphasis to pupil outcomes and more to the curriculum and ‘the substance of education’ was largely welcomed by the teaching profession. However, implementing such a change was always bound to be both difficult and controversial. As Warwick Mansell points out in The Guardian this week the welcome was not universal, and some academics and teachers attacked the change as ‘elitist’.

The key paragraph in the new OFSTED Inspection Handbook which Mansell concentrates on states that:

(more…)