{"id":9969,"date":"2024-04-25T13:25:05","date_gmt":"2024-04-25T13:25:05","guid":{"rendered":"https:\/\/www.mouthymoney.co.uk\/?p=9969"},"modified":"2025-03-03T08:53:39","modified_gmt":"2025-03-03T08:53:39","slug":"could-financial-education-fix-the-pensions-crisis","status":"publish","type":"post","link":"https:\/\/www.mouthymoney.co.uk\/pensions\/could-financial-education-fix-the-pensions-crisis\/","title":{"rendered":"Could financial education fix the pensions crisis?"},"content":{"rendered":"\n

Teaching children about money and why they need to think about long-term saving could be the key to unlocking the current crisis of underfunded pensions in the UK<\/strong><\/h3>\n\n\n\n
\"\"<\/figure>\n\n\n\n

This week on the Mouthy Money podcast we were very pleased to have Sarah Marks, chief executive of RedSTART Educate<\/a> returning to talk about the financial education charity\u2019s first year of results in their multi-year study of the effects of financial education in schools.<\/p>\n\n\n\n

During our chat Sarah raised an extraordinary idea \u2013 that financial education (and the current lack of it) could be the reason why we\u2019re facing a major pensions crisis.<\/p>\n\n\n\n

So what is this crisis we speak of? Our recent Money Matters Index<\/a> data found that pensions savings are at woeful levels, leaving many facing longer years of work and less security in retirement.<\/p>\n\n\n\n

But Sarah posited an intriguing reason as to why pension savings might be struggling so much \u2013 no one actually realises how much they\u2019re going to get, and everyone thinks they\u2019re going to get a guaranteed income.<\/p>\n\n\n\n

Essentially \u2013 the era of final salary or defined benefit pensions is largely over. But the way in which we educate people about how pensions work has yet to catch up.<\/p>\n\n\n\n

Fundamental changes \u2013 primarily from Government \u2013 need to be made to ensure that everyone, be they kids or adults, understands that today\u2019s pensions are the sum of what you put into them now and for the foreseeable future.<\/p>\n\n\n\n

What makes this all the more worrying is that we face an increase in the numbers of people taking their money out of pensions or giving up on valuable contributions in order to pay their bills today.<\/p>\n\n\n\n

The whole situation, when couple with the slow death of the State Pension, is a deeply troubling set of events.<\/p>\n\n\n\n

Have a listen to my chat with Sarah for more about this, plus the other findings from RedSTART\u2019s research.<\/p>\n\n\n\n

For the full episode: Spotify<\/a> and Apple Podcast.<\/a><\/p>\n\n\n\n

Photo credits: Pexels<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Teaching children about money and why they need to think about long-term saving could be the key to unlocking the current crisis of underfunded pensions in the UK This week on the Mouthy Money podcast we were very pleased to have Sarah Marks, chief executive of RedSTART Educate returning to talk about the financial education…<\/p>\n","protected":false},"author":93,"featured_media":9970,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[313,14,65],"class_list":["post-9969","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-pensions","tag-childcare","tag-education","tag-money"],"yoast_head":"\nCould financial education fix the pensions crisis? - Mouthy Money<\/title>\n<meta name=\"description\" content=\"Teaching children about money and why they need to think about long-term saving could be the key to unlocking the current crisis of pensions\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.mouthymoney.co.uk\/pensions\/could-financial-education-fix-the-pensions-crisis\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Could financial education fix the pensions crisis? - Mouthy Money\" \/>\n<meta property=\"og:description\" content=\"Teaching children about money and why they need to think about long-term saving could be the key to unlocking the current crisis of pensions\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.mouthymoney.co.uk\/pensions\/could-financial-education-fix-the-pensions-crisis\/\" \/>\n<meta property=\"og:site_name\" content=\"Mouthy Money\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/mouthymoney\/\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-25T13:25:05+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-03-03T08:53:39+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.mouthymoney.co.uk\/wp-content\/uploads\/2024\/04\/pexels-tima-miroshnichenko-5303551-scaled.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1707\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"The Editors\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@mouthymoney\" \/>\n<meta name=\"twitter:site\" content=\"@mouthymoney\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"The Editors\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.mouthymoney.co.uk\/pensions\/could-financial-education-fix-the-pensions-crisis\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.mouthymoney.co.uk\/pensions\/could-financial-education-fix-the-pensions-crisis\/\"},\"author\":{\"name\":\"The Editors\",\"@id\":\"https:\/\/www.mouthymoney.co.uk\/#\/schema\/person\/ca3c04dfa3064447158b5f39eb39c2f1\"},\"headline\":\"Could financial education fix the pensions crisis?\",\"datePublished\":\"2024-04-25T13:25:05+00:00\",\"dateModified\":\"2025-03-03T08:53:39+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.mouthymoney.co.uk\/pensions\/could-financial-education-fix-the-pensions-crisis\/\"},\"wordCount\":337,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.mouthymoney.co.uk\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.mouthymoney.co.uk\/pensions\/could-financial-education-fix-the-pensions-crisis\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.mouthymoney.co.uk\/wp-content\/uploads\/2024\/04\/pexels-tima-miroshnichenko-5303551-scaled.jpg\",\"keywords\":[\"childcare\",\"education\",\"money\"],\"articleSection\":[\"Pensions\"],\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.mouthymoney.co.uk\/pensions\/could-financial-education-fix-the-pensions-crisis\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.mouthymoney.co.uk\/pensions\/could-financial-education-fix-the-pensions-crisis\/\",\"url\":\"https:\/\/www.mouthymoney.co.uk\/pensions\/could-financial-education-fix-the-pensions-crisis\/\",\"name\":\"Could financial education fix the pensions crisis? - Mouthy Money\",\"isPartOf\":{\"@id\":\"https:\/\/www.mouthymoney.co.uk\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.mouthymoney.co.uk\/pensions\/could-financial-education-fix-the-pensions-crisis\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.mouthymoney.co.uk\/pensions\/could-financial-education-fix-the-pensions-crisis\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.mouthymoney.co.uk\/wp-content\/uploads\/2024\/04\/pexels-tima-miroshnichenko-5303551-scaled.jpg\",\"datePublished\":\"2024-04-25T13:25:05+00:00\",\"dateModified\":\"2025-03-03T08:53:39+00:00\",\"description\":\"Teaching children about money and why they need to think about long-term saving could be the key to unlocking the current crisis of pensions\",\"breadcrumb\":{\"@id\":\"https:\/\/www.mouthymoney.co.uk\/pensions\/could-financial-education-fix-the-pensions-crisis\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.mouthymoney.co.uk\/pensions\/could-financial-education-fix-the-pensions-crisis\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/www.mouthymoney.co.uk\/pensions\/could-financial-education-fix-the-pensions-crisis\/#primaryimage\",\"url\":\"https:\/\/www.mouthymoney.co.uk\/wp-content\/uploads\/2024\/04\/pexels-tima-miroshnichenko-5303551-scaled.jpg\",\"contentUrl\":\"https:\/\/www.mouthymoney.co.uk\/wp-content\/uploads\/2024\/04\/pexels-tima-miroshnichenko-5303551-scaled.jpg\",\"width\":2560,\"height\":1707},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.mouthymoney.co.uk\/pensions\/could-financial-education-fix-the-pensions-crisis\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.mouthymoney.co.uk\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Could financial education fix the pensions crisis?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.mouthymoney.co.uk\/#website\",\"url\":\"https:\/\/www.mouthymoney.co.uk\/\",\"name\":\"Mouthy Money\",\"description\":\"Build wealth\",\"publisher\":{\"@id\":\"https:\/\/www.mouthymoney.co.uk\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.mouthymoney.co.uk\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.mouthymoney.co.uk\/#organization\",\"name\":\"Mouthy Money\",\"url\":\"https:\/\/www.mouthymoney.co.uk\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/www.mouthymoney.co.uk\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.mouthymoney.co.uk\/wp-content\/uploads\/2016\/04\/Facebook-Profile-Picture-4.png\",\"contentUrl\":\"https:\/\/www.mouthymoney.co.uk\/wp-content\/uploads\/2016\/04\/Facebook-Profile-Picture-4.png\",\"width\":361,\"height\":360,\"caption\":\"Mouthy Money\"},\"image\":{\"@id\":\"https:\/\/www.mouthymoney.co.uk\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/mouthymoney\/\",\"https:\/\/x.com\/mouthymoney\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.mouthymoney.co.uk\/#\/schema\/person\/ca3c04dfa3064447158b5f39eb39c2f1\",\"name\":\"The Editors\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/www.mouthymoney.co.uk\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.mouthymoney.co.uk\/wp-content\/uploads\/2016\/04\/Facebook-Profile-Picture-4-100x100.png\",\"contentUrl\":\"https:\/\/www.mouthymoney.co.uk\/wp-content\/uploads\/2016\/04\/Facebook-Profile-Picture-4-100x100.png\",\"caption\":\"The Editors\"},\"sameAs\":[\"http:\/\/www.mouthymoney.co.uk\"],\"url\":\"https:\/\/www.mouthymoney.co.uk\/author\/the-editors\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Could financial education fix the pensions crisis? - Mouthy Money","description":"Teaching children about money and why they need to think about long-term saving could be the key to unlocking the current crisis of pensions","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.mouthymoney.co.uk\/pensions\/could-financial-education-fix-the-pensions-crisis\/","og_locale":"en_GB","og_type":"article","og_title":"Could financial education fix the pensions crisis? - Mouthy Money","og_description":"Teaching children about money and why they need to think about long-term saving could be the key to unlocking the current crisis of pensions","og_url":"https:\/\/www.mouthymoney.co.uk\/pensions\/could-financial-education-fix-the-pensions-crisis\/","og_site_name":"Mouthy Money","article_publisher":"https:\/\/www.facebook.com\/mouthymoney\/","article_published_time":"2024-04-25T13:25:05+00:00","article_modified_time":"2025-03-03T08:53:39+00:00","og_image":[{"width":2560,"height":1707,"url":"https:\/\/www.mouthymoney.co.uk\/wp-content\/uploads\/2024\/04\/pexels-tima-miroshnichenko-5303551-scaled.jpg","type":"image\/jpeg"}],"author":"The Editors","twitter_card":"summary_large_image","twitter_creator":"@mouthymoney","twitter_site":"@mouthymoney","twitter_misc":{"Written by":"The Editors","Estimated reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.mouthymoney.co.uk\/pensions\/could-financial-education-fix-the-pensions-crisis\/#article","isPartOf":{"@id":"https:\/\/www.mouthymoney.co.uk\/pensions\/could-financial-education-fix-the-pensions-crisis\/"},"author":{"name":"The Editors","@id":"https:\/\/www.mouthymoney.co.uk\/#\/schema\/person\/ca3c04dfa3064447158b5f39eb39c2f1"},"headline":"Could financial education fix the pensions crisis?","datePublished":"2024-04-25T13:25:05+00:00","dateModified":"2025-03-03T08:53:39+00:00","mainEntityOfPage":{"@id":"https:\/\/www.mouthymoney.co.uk\/pensions\/could-financial-education-fix-the-pensions-crisis\/"},"wordCount":337,"commentCount":0,"publisher":{"@id":"https:\/\/www.mouthymoney.co.uk\/#organization"},"image":{"@id":"https:\/\/www.mouthymoney.co.uk\/pensions\/could-financial-education-fix-the-pensions-crisis\/#primaryimage"},"thumbnailUrl":"https:\/\/www.mouthymoney.co.uk\/wp-content\/uploads\/2024\/04\/pexels-tima-miroshnichenko-5303551-scaled.jpg","keywords":["childcare","education","money"],"articleSection":["Pensions"],"inLanguage":"en-GB","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.mouthymoney.co.uk\/pensions\/could-financial-education-fix-the-pensions-crisis\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.mouthymoney.co.uk\/pensions\/could-financial-education-fix-the-pensions-crisis\/","url":"https:\/\/www.mouthymoney.co.uk\/pensions\/could-financial-education-fix-the-pensions-crisis\/","name":"Could financial education fix the pensions crisis? - Mouthy Money","isPartOf":{"@id":"https:\/\/www.mouthymoney.co.uk\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.mouthymoney.co.uk\/pensions\/could-financial-education-fix-the-pensions-crisis\/#primaryimage"},"image":{"@id":"https:\/\/www.mouthymoney.co.uk\/pensions\/could-financial-education-fix-the-pensions-crisis\/#primaryimage"},"thumbnailUrl":"https:\/\/www.mouthymoney.co.uk\/wp-content\/uploads\/2024\/04\/pexels-tima-miroshnichenko-5303551-scaled.jpg","datePublished":"2024-04-25T13:25:05+00:00","dateModified":"2025-03-03T08:53:39+00:00","description":"Teaching children about money and why they need to think about long-term saving could be the key to unlocking the current crisis of pensions","breadcrumb":{"@id":"https:\/\/www.mouthymoney.co.uk\/pensions\/could-financial-education-fix-the-pensions-crisis\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.mouthymoney.co.uk\/pensions\/could-financial-education-fix-the-pensions-crisis\/"]}]},{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/www.mouthymoney.co.uk\/pensions\/could-financial-education-fix-the-pensions-crisis\/#primaryimage","url":"https:\/\/www.mouthymoney.co.uk\/wp-content\/uploads\/2024\/04\/pexels-tima-miroshnichenko-5303551-scaled.jpg","contentUrl":"https:\/\/www.mouthymoney.co.uk\/wp-content\/uploads\/2024\/04\/pexels-tima-miroshnichenko-5303551-scaled.jpg","width":2560,"height":1707},{"@type":"BreadcrumbList","@id":"https:\/\/www.mouthymoney.co.uk\/pensions\/could-financial-education-fix-the-pensions-crisis\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.mouthymoney.co.uk\/"},{"@type":"ListItem","position":2,"name":"Could financial education fix the pensions crisis?"}]},{"@type":"WebSite","@id":"https:\/\/www.mouthymoney.co.uk\/#website","url":"https:\/\/www.mouthymoney.co.uk\/","name":"Mouthy Money","description":"Build wealth","publisher":{"@id":"https:\/\/www.mouthymoney.co.uk\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.mouthymoney.co.uk\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-GB"},{"@type":"Organization","@id":"https:\/\/www.mouthymoney.co.uk\/#organization","name":"Mouthy Money","url":"https:\/\/www.mouthymoney.co.uk\/","logo":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/www.mouthymoney.co.uk\/#\/schema\/logo\/image\/","url":"https:\/\/www.mouthymoney.co.uk\/wp-content\/uploads\/2016\/04\/Facebook-Profile-Picture-4.png","contentUrl":"https:\/\/www.mouthymoney.co.uk\/wp-content\/uploads\/2016\/04\/Facebook-Profile-Picture-4.png","width":361,"height":360,"caption":"Mouthy Money"},"image":{"@id":"https:\/\/www.mouthymoney.co.uk\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/mouthymoney\/","https:\/\/x.com\/mouthymoney"]},{"@type":"Person","@id":"https:\/\/www.mouthymoney.co.uk\/#\/schema\/person\/ca3c04dfa3064447158b5f39eb39c2f1","name":"The Editors","image":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/www.mouthymoney.co.uk\/#\/schema\/person\/image\/","url":"https:\/\/www.mouthymoney.co.uk\/wp-content\/uploads\/2016\/04\/Facebook-Profile-Picture-4-100x100.png","contentUrl":"https:\/\/www.mouthymoney.co.uk\/wp-content\/uploads\/2016\/04\/Facebook-Profile-Picture-4-100x100.png","caption":"The Editors"},"sameAs":["http:\/\/www.mouthymoney.co.uk"],"url":"https:\/\/www.mouthymoney.co.uk\/author\/the-editors\/"}]}},"_links":{"self":[{"href":"https:\/\/www.mouthymoney.co.uk\/wp-json\/wp\/v2\/posts\/9969","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.mouthymoney.co.uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.mouthymoney.co.uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.mouthymoney.co.uk\/wp-json\/wp\/v2\/users\/93"}],"replies":[{"embeddable":true,"href":"https:\/\/www.mouthymoney.co.uk\/wp-json\/wp\/v2\/comments?post=9969"}],"version-history":[{"count":0,"href":"https:\/\/www.mouthymoney.co.uk\/wp-json\/wp\/v2\/posts\/9969\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.mouthymoney.co.uk\/wp-json\/wp\/v2\/media\/9970"}],"wp:attachment":[{"href":"https:\/\/www.mouthymoney.co.uk\/wp-json\/wp\/v2\/media?parent=9969"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mouthymoney.co.uk\/wp-json\/wp\/v2\/categories?post=9969"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mouthymoney.co.uk\/wp-json\/wp\/v2\/tags?post=9969"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}