The Independent is reporting that student would benefit from financial literacy lesson to help with students debts.
The Government needs to change its approach on how it prepares the next generation for life in the world’s fifth largest economy, where the gap between the rich and poor is forever growing. From articulating the meaning of bank terminology to providing pupils with an understanding of how to invest their money across a variety of easy-to-use assets, students need a more thorough comprehension of money. Seriously.
Former City trader, Michael Jarman, explained how a lack of financial knowledge is even affecting students’ understanding of the political sphere.
Jarman said: “It should 100 per cent be compulsory. Consider the Brexit debate and the state of the economy: students don’t understand the ramifications of a potential Brexit, as many people don’t understand finance unless they study for a degree. Finance affects everything; house prices, interest rates, inflation, even how much money you have to spend on holiday after converting your money. Unfortunately, there’s a lack of understanding and it is, without a doubt, affecting students.”
Do you think students need finance lessons? Let us know your thoughts in the comments below or on twitter.
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