Personal finance 'should be taught at schools'
School pupils need to be taught about financial issues, according to the Personal Finance Education Group (pfeg).
Personal finance 'should be taught at schools'”
Chief executive of pfeg, Wendy van den Hende, said that many young people are going into higher education and need to consider whether they will take out loans and whether their course will lead to a career that will enable them to invest in their future.
According to a study conducted last year by the Association of Investment Companies, over half of parents said they would be in a better financial position today if they had been taught personal finance at school.
Ms van den Hende commented: "The case for young people learning about finances is very clear. When they leave school, they now have to make quite complex financial decisions and they need to be in a situation where they can understand what they're doing".
Last month, HSBC launched an early bird student account that enables young people in higher education to plan their finances before they go to university. Account holders can apply for a credit card with the account as soon as they turn 18.
Written by Sam Dawson ©
