pfeg launches manifesto for improved finance education
Source: pfeg
24 Nov 09
As political parties turn their focus to the forthcoming general election, pfeg has launched its manifesto - finance education: learning the lesson the hard way?
pfeg is calling on all political parties to plan for the future and commit to creating future generations of financially responsible adults. We are also urging parliamentarians to embrace our call to fund and support the delivery of personal finance education to all school-age children.
Personal debt grew by £1m every 8 seconds in 2008 in the UK, and the average, unsecured consumer debt was £4,965 per adult. Children and young people face many challenges today: hange at an unprecedented speed, technological advances, and many new ways in which to spend money. pfeg has made significant progress in bringing joined up finance education into schools, but we need the continued support and commitment of parliamentarians to make it truly sustainable.
The equation is simple: no finance education equals poor financial decisions, equals personal debt plus worry, plus ill health which equals a national, socio-economic problem.
The challenge is clear, the task is how we arm schools and teachers with the right expertise and self-confidence to deliver finance education; how we ensure that all young people leaving education have the skills, knowledge and confidence in financial matters to participate fully in society. This is pfeg’s mission and we look forward to working with parliamentarians to achieve it.
