Personal finance education wanted in schools by parents
January 19, 2008 by admin
Filed under News, News-Credit-Cards
New research has revealed that nine out of ten parents think personal finance education should be taught in schools. 
Findings from the Association of Investment Companies (AIC) showed that over half of respondents in the survey thought this should be mandatory.
Nearly half of parents believe it is the joint responsibility of both teachers and parents to teach children how to handle their money.
Annabel Brodie-Smith, communications director with the AIC, said: “Parents are clearly worried about their children’s ability to manage their finances in the future and feel financial education is a crucial skill for adult life.”
She added that many parents believe they have missed out on a financial education “so it’s no wonder they want their children to be better prepared for the wider world.”
The survey also showed that 90 per cent of parents had no financial education when they were at school.
Over two thirds of would now like some sort of personal finance training as an adult, either to pass onto their children, or so they can put their own financial affairs in order.
Meanwhile, research from the Social Issues Research Centre shows the average top up for a Child Trust fund is £21.20.
