UK schools to introduce debt management in curriculum

The British public is expected to better understand how to manage their debts as debt management will now be a part of every school’s curriculum in the UK. The UK government is expected to push through its plans to teach children as young as five years old to manage debt.

The government believes that even though there is a strong public debate whether or not teaching children about debt management at the age of five is a little “too far,” it also acknowledges the fact that there is a need to be a wholesale change in the way the public hide from debt in the UK

Starting at school would appear to be the perfect strategy, the government said.

There has been criticism about the lack of financial management lessons in schools across the UK although thankfully the authorities now appear to be tackling the situation head-on. The truth is there are millions of adults in the UK who have no idea how to manage their debt, their financial limits or indeed how to control their spending.

This has seen personal debt in the UK rise to record levels over the last 20 years, a situation which became ever more apparent after the credit crunch.

“If we can save just a small minority of children from financial hardship in the future then this is a job well done and hopefully they will teach their children, who will teach their children, etc. The ball has started to move but there is still much work to be done,” the government said of its plan.