August 30, 2007

Finance to be taught in schools

It seems owing to the nations love affair with credit, the government has decided to begin to teach school children about personal finance. According to research done by the Personal Finance Education Group (pfeg) with 14 to 18 year olds, it would seem that over fifty per cent would be in debt by the age of seventeen. But even more of a concern for the future is that ninety per cent of the age group may worry about getting into debt, but did see credit as a way of getting things that they could not afford.

It is suggested that the finance education will be split into three stages in line with the schools, i.e. infant, primary and secondary, the children will learn in the early stages by playing shop etc, while in the later secondary schools it will cover allowances and budgeting for essentials.

As there is very finance taught in schools, it has to be a good thing.

Source [III]

Filed Under Students