Pupils need financial education say parents and teachers

Fri, 18 Jan 2008

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 .
add to favouritesnewsletterlink to this pagesend to friendpost comments

Link to this page

Copy and Paste the following HTML into your page.