Longlisted for a Business in the Community Responsible Business Award 2018
FTI Consulting helping young people understand the boom, bust and crunch of life.
Action and Impact
Boom, Bust & Crunch is an educational programme which plugs a gap in the UK’s school national curriculum. The programme works by experienced professionals volunteering to give students aged 14 to 17 the knowledge, confidence and skills to articulate economic concepts such as debt, unemployment and mortgages.
Delivered in a partnership between FTI and Consulting and Citizenship Foundation, the programme leaves participants confident to discuss these subjects, as well as the knowledge to examine their own financial behaviour.
In the past year, staff from FTI Consulting have worked with 14 schools and over 280 young people. Due to the feedback from teachers who are struggling to teach about Brexit, the focus of the programme has shifted to also examine the possible implications that Brexit might have on the economy. Last year, 91% of the students stated that the programme helped them to express and form their own opinions about the economy.
For the business, the programme has offered staff the chance to use their professional skills to benefit the community. 63% of volunteers said taking part had increased their facilitation skills, and 65% stated it had increased their personal satisfaction and pride in their job.