Making it compulsory to educate secondary school kids about finances

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Making it compulsory to educate secondary school kids about finances

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In light of the financial crisis it is absolutely crucial that we teach our children about finances, including basic things like, mortgages, credit cards, borrowing money from banks. This should become a fundamental part of the curriculum, with a compulsory exam to be taken at the age of 15/16. The majority of adults, never mind children, do not know anything about finances and increasingly more people end up in debt and living in poverty. I think to some extent we can prevent this or at least get young people saving from an earlier age.

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