Aldermore collaborates with EVERFI to reach at least 25 schools in Cardiff and Greater Manchester.
Aldermore today announced the introduction of a new mobile-first, financial education resource to help young people build their financial confidence. It will be rolled out to at least 25 schools in Cardiff and Greater Manchester, with more to come afterwards and there will be a particular focus on those who are from more deprived areas. The resource, called ‘Aspire’, is made available free of charge, through Aldermore’s relationship with digital education innovator, EVERFI, Inc.
Only 48% of 7-to-17 year olds receive basic financial education at home or at school[1]. Aspire offers a library of learning topics around important personal finance education concepts to help students develop the essential knowledge they need to make smart decisions about how to make, save, and invest money. Aspire helps 14-18-year-olds learn about the economy holistically through different perspectives: as a consumer, an employee, an entrepreneur, or an employer, while understanding its relevance to their lives.
Through Aspire, users are guided through interactive exercises that allow them to practice making financial decisions most relevant to them in a safe environment. Each topic area offers a three-to-six minute module designed to enable users to apply what they have learned to their personal financial goals. The subject areas cover a wide range of topics including current and savings accounts, creating a budget, and planning for retirement.
The mobile-first design is available on all internet-enabled devices so that learners can access it anytime, anywhere.
Steven Cooper, CEO of Aldermore said:
“This strategic partnership with EVERFI in the UK enables young people to build their financial confidence, establish a healthy relationship with money, and helps them achieve their future goals. Your background shouldn’t determine your future. And yet, for too many people in our society, it does. Providing access to financial education is one important tool to disrupt this pattern.”
“But we can’t allow this support to just end when people leave education – we need to provide opportunities to people from all backgrounds when they enter the world of work as well. That’s why at Aldermore we provide a programme of apprenticeships right across our business. And it’s why I personally co-chair The Equality of Opportunity Coalition, an organisation that encourages companies to begin measuring the socioeconomic makeup of their employees, as a first step towards building a workforce that encompasses those from all walks of life.”
Nick Fuller, EVERFI International President said:
“Understanding your finances and making sound financial decisions is key to a strong future, but many people don’t know where to turn to get the information they need in a way that is easily digestible and understandable. This programme is a testimony to EVERFI’s commitment to providing financial education to learners of all ages and we commend Aldermore for making this commitment.”
To learn more about the programme, visit [Everfi courses - Aspire]
[1] https://moneyandpensionsservice.org.uk/2020/01/21/uk-children-and-young-peoples-survey-financial-capability-2019/
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