(1888PressRelease)
July 19, 2007 - With an average household debt totalling up to £8,800, it seems that the Government has decided that its time for the Brit folks to know their stuff. “Catch them young” seems to be the adage that they are following with purported school lessons to be given in personal finances to the “young uns”.
The Chartered Insurance Institute (CII) state that this will help young people gain a better understanding of money-related matters. Bob Bullivant, Deputy Director of the Institute feels this is a positive step in building a base towards developing consumer financial skills. He further adds "If children are confident about basic decisions and financial skills, they are more likely to be confident in taking financial decisions when they are faced with them as adults."
But, then again the CII warned that this step should not be a half finished project. The government has to take steps to ensure that personal finance education in British Schools is a long-term priority.
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