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Financial education needed "more than ever"
Tue 27 Nov 2007 1pm
Improving the level of financial education in schools is the best way to relieve the UK's debt problems, it has been claimed.Director of policy at pfeg Alastair Mathews said that basic financial teaching should be offered as a "core" part of the national curriculum and available at every stage of the country's education system.
He also stated that the recent credit problems may cause some people to rethink their attitude to debt and borrowing, but stressed the need to instil good financial values in younger citizens by developing their understanding of money at school.
Mr Mathews commented: "Young people, more than ever, need a foundation of financial education while they are still at school.
"It is something that should be included in each of the four main school stages, at an appropriate level for the age of the child, of course."
According to figures published by Credit Action last month, total personal debt in the UK stood at £1,380 billion at the end of September.
