PF education could make kids £32,000 richer

The Institute for Public Policy Research (ippr) has highlighted evidence from the US where children are taught basic financial skills including budgeting, credit management, balancing chequebooks, compound interest and other investment principles. The research suggests financial education has led to people being richer by on average a year’s earnings between the ages of 35 and 49. According to the ippr, in the UK this could mean: A couple with two children aged five and 11 could be better off by about £32,000; A couple with no children could e better off by about £22,000; and A s...