(1888PressRelease)
November 27, 2007 - London (shakespearefinance): Many members of parliament have supported personal finance lessons in schools. Kitty Ussher, economic Secretary to the Treasury, commended the ifs School of Finance for providing qualifications in personal finance.
Kitty Ussher said: “I have listened to 15 and 16-year-olds at Burnley college explaining with great maturity how they would decide what type of credit card to have, if any, and how they would make various judgments about what savings and pension schemes they would put their investments into. I found listening to them an empowering and liberating experience, and I commend the ifs for its work.”
The ifs School of Finance is a financial education charity that provides qualifications in personal finance to GCSE, AS and A2-levels.
In the recent past, there have been many efforts to impart personal finance education to the Brits. The growing amount of personal debts is surely a matter of concern for the nation.
According to Credit Action, a national money education charity, total UK personal debts at the end of September 2007 stood at £1,380 billion. In the last twelve months, the growth rate has increase to 10.0 per cent which means an increase of £120 billion.
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