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Should schools offer financial education?

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by David Masters
Should schools offer financial education?

Children’s education on money matters should begin in primary school so conumers know how to manage debt in adulthood, a financial expert has claimed.

Zoe Stevens of Confused.com said financial education would help the consumers of the future learn to maintain a high credit rating so they can access the best value loans and credit cards.

“Financial education in schools is a really worthwhile exercise,” Stevens said.

“It’s important that people understand finance to aid in their ability to manage their money well.

“Starting at a young age will ensure that as they grow up, children are able to make sense of what can seem like complicated financial products.”

In related news, a survey by Equifax found 94% of parents believe financial education should be part of the national curriculum.

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News posted: July 2, 2010

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  1. 25 years ago we didn’t have a credit culture, we waited for things. Now we have to have now! As in businesses the management of personal finances is a lifetime undertaking and should be well balanced.

    Comment by Steph — July 2, 2010 @ 2:50 pm

  2. Of course it should be taught, but the question is WHAT should be taught. I would stay far away from Mr. Zoe Steven’s teachings. He wants students to have a high credit rating so they can get good loans and better credit cards?! This is madness. This is brainwashing, because it is building another generation of debt-loving consumers.

    Teaching kids to use debt is building a nice future of humanity that will be programmed to be students with loans, buy cars with payments, and get homes with mortgages. Debt is dumb. Cash is king. But nobody is going to want their kids to be exposed to such “radical” views.

    Comment by Tony Hollowell — July 2, 2010 @ 5:06 pm

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