The vast majority of parents and teachers believe that
personal finance should be taught at schools, a new
survey has found.
Research by the Association of
Investment Companies found that 93 per cent of both groups thought that pupils should be taught about how best to manage such things as
mortgages,
personal loans,
credit cards,
savings accounts and other
financial products.
Personal
finance was the sixth most important subject for parents, behind only the core areas of
maths,
English,
science, languages and
history .
Wendy Van den Hende, chief executive of the Personal Finance
Education Group, said: Personal finance education has come a long way.
Teachers are being actively encouraged to teach it and the government has pledged support to making it an even higher priority in future.
Lack of knowledge about personal finance has been blamed by some for the boom in debt the UK has seen in recent years.
Research by uSwitch found that UK consumers currently owe around £222 billion on
credit cards and unsecured personal
loans .
