Debt Questions forum. General questions on debt issues.

Moderators: TalbotWoods, JaneClack

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By TalbotWoods
#281253 Please could you take your time to sign this petition

http://epetitions.direct.gov.uk/petitions/8903

It is to ask the government to make financial education a compulsory part of the school curriculum

Many Thanks

Tim

Full Statement:

It's a national disgrace that in the 20 years since introducing student loans, we’ve educated our youth into debt when they go to university, but never about debt. We're a financially illiterate nation, with millions caught by misselling, overborrowing and being ripped off. Is it any surprise we’ve just had a debt imbued financial crisis. This must change. Companies spend billions on marketing and teaching their staff to sell – it's time we got buyers' training. The most cost effective way to start is to ensure every child in the country gets a basic understanding of personal finance & consumer rights before leaving school. This isn’t a large resource requirement. Some schools already do it, but the majority don’t and that needs to end. Unless it's compulsory, head teachers can’t prioritise for it. 97% of people support this, yet no one will take up the baton. We have one of the world’s most complex consumer economies; it's time our children were taught how to thrive and survive in it.