Lifesearch senior policy adviser Matt Morris has launched a Downing Street petition for personal finance lessons to be introduced into the national curriculum.
The petition, posted on the Number 10 website, is running until April 6 next year, by which time Morris hopes to have persuaded the Government to start finance classes in schools.
He says: “Is it any wonder that we have a mountain of personal debt when we can open a bank account at 16 without having a clue what it means to save?
“It seems a no-brainer that personal finance lessons, such as how to manage debt and how to save and invest your money, should be taught at an early age. In reality, the way we learn is usually through bitter experience.”
The petition has so far attracted 99 signatures, including Pru Protect director of protection Kevin Carr, LV= head of protection and pricing Chris McFarlane and Highclere Financial Services partner and Adviser Alliance director Alan Lakey.
Master Adviser IFA Roy McLoughlin says: “It is a great idea. One of the problems I come across is people who are school leavers or graduates whose financial knowledge is wanting. People regularly say they wish it was taught in schools.”