Dept of Mathematics Education seminar: 18 December 2024

Access the seminar on Streamyard here. 

40 mins Presentation + 20 mins Q&A: Dr Iro Xenidou-Dervou
Early numeracy predicts children’s financial literacy skills
(Loughborough University) [I.Xenidou-Dervou@lboro.ac.uk]

Abstract

Financial literacy impacts individuals’ financial decision-making, overall well-being and societal outcomes. It is suggested that the age at which individuals start learning about money and finance is a strong indicator of their future financial well-being (OECD, 2017). However, little is known about children’s early financial literacy. In collaboration with Money and Pensions Service, we developed a measure for assessing young children’s (aged 4 to 6 years of age) emergent understanding of money and finance (Jay et al. 2022), Arlo’s Adventures, which uses an innovative comic-strip-based interview format. In this talk, I will present the results of our recent study, where we tested this newly developed financial literacy measure at scale, examined its underlying factor structure and the relation between children’s early financial literacy and numeracy (non-symbolic and symbolic magnitude comparison) skills.