Commit to Change
The world's local bank- Global – HSBC Financial Literacy Programme
- USA – Foundation for Teaching Economics
- Hong Kong – HSBC Living Finance
- UK – UNIAID
- UK – Tuska and Pepi
- Global – Junior Achievement/Young Enterprise
- Hong Kong, Malaysia, the Philippines, Thailand, Bangladesh and Vietnam – HSBC Young Entrepreneur Awards
- UK – Made in Brunel
- Hong Kong – Social Entrepreneurship Programme
- USA – Islamic Finance Project
- UK – Management Academy Programme
- UK – What Money Means
UK – What Money Means
HSBC has joined forces with pfeg (Personal Finance Education Group) to launch What Money Means, a five-year national programme designed to improve financial capability education in primary schools. The initiative was piloted in eight local authorities in England from January and launched in October 2007.
Teachers and local authorities have been working with pfeg and HSBC volunteers to look at how personal finance fits into the primary curriculum and to develop approaches and lessons that captivate children's imaginations whilst meeting their needs.
By the end of 2011 What Money Means will provide 17,500 primary schools in 36 local authorities with resources, materials and classroom support to help teachers give children a solid understanding of how to use money responsibly. HSBC expects that around 10,000 of its employees will support the initiative by volunteering to work with teachers and parents to share their expertise.
Pfeg is also working with authorities in Wales and Scotland to encourage use of the resources in those countries.
HSBC and pfeg have commissioned the largest ever survey of how children aged between seven and 11 view money. The results show a large proportion of primary children have a clear understanding of the basics of money and the scope to learn more.
To learn more about What Money Means and read the research click here.
