The ifs School of Finance has called on the Qualifications and Curriculum Authority (QCA) to put financial education lessons in schools on the same level as established subjects like geography and history.
Last month the QCA published guidelines for a recommended financial education syllabus, called ‘economic wellbeing’, for 14 to 19 year-olds. However, the subject would not be compulsory and some commentators suggest this could mean it will not have a big enough impact. Now, the ifs wants the QCA to force schools to offer the subject, although students would not have to study it. The School says it would ensure future generations have the skills to manage their money effectively and avoid unaffordable debt problems. The comments respond to figures released today by the Insolvency Service,...
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