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Teach Pupils About Personal Finances & Debt

Tuesday 1st February 2011

Nearly 31,000 people signed an online petition run by MoneySavingExpert.com and Mumsnet, calling for financial education to be put on the national curriculum, and around 5,000 people have written to their MP asking them to support the Parliamentary group.

A survey carried out among 8,000 people also found that 97 per cent supported teaching financial education in school.

MP Andrew Percy has given his backing to a campaign calling for financial education to become compulsory in schools. The Conservative MP has taken up a role as an officer in the newly formed All Party Parliamentary Group on Financial Education for Young People, launched in the House Of Commons on Monday.

The group, which has secured the support of more than 120 MPs, has been formed to push for lessons to be introduced on money, consumption and debt to ensure children leave school equipped to make financial decisions.

Mr Percy said: "Debt is a part of everyone’s lives and is a particular problem for young people going on to university or trying to get their first step on the housing ladder, both of which will require them to get into debt.

"That is why it is absolutely appalling that there is currently no debt education included in the curriculum and why I wanted to get involved in this campaign.

"My role will be trying to identify new ways in which we can get financial education into the curriculum so that youngsters leave school equipped with at least some of the knowledge needed to help them manage their level of debt and deal with their finances."

For some excellent free teaching resources on money management visit the Money Smart page.

 

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