Financial Education in Schools
A year ago, we wrote an article titled “Debt of the Future” regarding teaching our younger generation about financial matters in schools. It would now seem that secondary school pupils may be offered lessons in money management as a part of ‘personal, social and health education’ (PSHE) classes.
From 2008, there will be an addition to the curriculum called ‘ecomnic well-being and financial capability’. This will be aimed at 11-16 year olds to teach them about personal finance.
Gavin Shreeve, chief exective ifs School of Finance is not over optimistic about the new section of the curriculum:
As part of the curriculum reform package, ‘economic well-being’ will form part of the existing Personal Social Health Education’ (PSHE) subject rather than being a stand alone course. The study of PSHE will remain optional and non-examinable and the economic well-being component will be just one samll strand of a very diverse subject.
This is a fair opinion, as still some schools will not recieve the lesson’s as not all schools teach PSHE, therefore, children at such schools will still miss out on the subject.
With all the advertising that we see on our TV’s as well as the internet; gambling websites, game site’s which encourage children to pay for additional extra’s in online games, you would think the Government would understand the importance of making such a subject compulsary rather than optional.
Gavin Shreeve say’s they will still be calling on the government to place personal finance on the core curriculum along with history, geography and modern foreign languages, ensuring all students have the option of studying personal finance.
Written by tani on August 6th, 2007
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