- Talk Money Week (9-13 November) encourages people to have more open conversations about their money and pensions
- Talking about money more important than ever amid ongoing financial impact of Covid-19
Talk Money Week is also an annual opportunity to celebrate the work organisations like We Are Digital are doing to support the UK Strategy for Financial Wellbeing, launched by MaPS in January 2020, which has ambitious ten-year goals to help everyone make the most of their money and pensions.
Throughout the week there will be activity in across the UK to get more people talking about personal finance issues, and engaging with topics such as saving regularly, planning for retirement, dealing with debt, and teaching children and young people about managing money.
Matthew Adam, CEO of We Are Digital commented:
“Rather than focusing on budgeting and saving, our financial inclusion programmes use an earning-money mentality to improve engagement rates and make it easier for participants to talk about money. Topics include accessing the gig economy, earning online and accessing grants. We’ve supported almost 2,000 individuals with one-to-one financial training so far in 2020.”
For more information on Talk Money Week visit www.maps.org.uk/talk-money-week/
About Talk Money Week
About the UK Strategy for Financial Wellbeing
- Financial Foundations: 2 million more children and young people getting a meaningful financial education
- Nation of savers: 2 million more working age people who are struggling and squeezed saving regularly
- Credit Counts: 2 million fewer people often using credit to pay for food or bills
- Better Debt Advice: 2 million more people getting the debt advice they need; currently only 32% of those who need debt advice access it
- Future Focus: 5 million more people understanding enough to plan for their later lives, and during them
The UK Strategy for Financial Wellbeing establishes five “agendas for change” and sets goals to be achieved by 2030. These are:
The strategy will also examine factors which can make people particularly susceptible to financial detriment, such as mental health conditions and gender. Covid-19 has also highlighted certain segments of society that need specific focus – including some Black and minority ethnic (BAME) communities, young people and those with variable incomes – and these additional vulnerabilities will be addressed in the recommendations. Further information about the UK Strategy is available at www.maps.org.uk/wellbeing