New research from Prudential Cha-Ching shows that four out of five (80 percent) primary school teachers in England and Wales want to see financial education placed on the school curriculum while 69 percent believe that parents should receive more support in helping children understand financial matters.

The research also identified the impact of society’s reliance on cards and not cash to pay for daily purchases as 67 percent of teachers said children’s mental arithmetic skills are suffering because of this.

Around 81 percent of teachers said 7-11 year olds do not know enough for their age group about money and ...