Financial Education For Our Children
The Conservative party has outlined some proposals for tackling Britains growing financial timebomb. One of the proposals is for educating our children about financial matters. This seems so obvious that it is worrying that this could be seen as an important new strategy. There is something seriously wrong with an education system that is failing to prepare children to live in a society that is so dependent on financial dealings.
So many people get into financial difficulties not because they don’t care but because they don’t understand. I don’t care how many “A” grades a school produces. If it fails to prepare it’s children for the real world then it has failed. If the government of the day concentrates on scores, percentages and league tables rather than the quality of preparedness for children going out into the real world then it’s failing not just those students but the country as a whole.
It’s in nobody’s interests that the country borrows itself into such a deep hole that we can never get out. Better understanding of financial products benefits and, most importantly, disadvantages must be a priority. I fear we are bringing up a generation of children who think, not that money grows on trees, but that it actually mysteriously and magically appears in a plastic credit card.
I’m pleased to hear the Conservative Party talking about this subject and I hope it leads to a greater debate and action from the government to a seriously neglected timebomb sitting right under our noses.
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It is good to see the public are concerned about children’s education. Everyone should be involved.