1 April 2008
Respondents to a recent survey have stated that personal finance issues should be considered on the curriculum.
In total, 93% of parents and teachers who replied to the study from the Association of Investment Companies (AIC) said that children should get the opportunity to learn about such issues, which may include personal loans, the Liverpool Echo reported.
Moreover, 51% claimed that their own financial predicament would be aided if they would have had access to financial advice at a younger age.
Communications Director at AIC Annabel Brodie-Smith noted that the general consensus is that the basics ought to be altered.
"Parents are clearly worried about their children's ability to manage their finances in the future and feel financial education is a crucial skill for adult life," she asserted.
Scottish Widows recently said that the availability of credit has led to the debt problems currently being witnessed in the UK
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