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Last Updated: Wednesday, 12 November, 2003, 00:05 GMT
Children 'need finance lessons'
Adults think young people would benefit from money skills
Nearly nine out of ten adults think children should be taught money lessons in schools, a survey has found.

Personal finance is an option taught by some schools as part of citizenship lessons, but is not compulsory.

According to a YouGov poll for Insight Investment, 87% of people felt it should be introduced to the school curriculum straight away.

People felt subjects such as drama, modern languages and art and design were less beneficial to children.

Savings gap

The results will be welcomed by the financial industry and consumer groups who have long argued that an education in personal finance is vital if future adults are to learn to save for later years and avoid getting into debt.

What should be taught?
Money management (87%)
Behavioural skills (84%)
Nutrition and health (77%)
Environmental Studies: (52%)
Mechanics (37%)
Personal finance has been taught in some schools since 2000.

But since 2002, personal finance lessons have played a part in the government's new citizenship course.

But the course will not automatically lead to a GCSE exam and schools can circumnavigate personal finance teaching.

Eighty seven percent of those people questioned said they believed lessons in how to handle money should be a compulsory part of the national curriculum.

What should not be taught?
Media Studies (37%)
Drama (35%)
Spanish (21%)
German (19%)
Art and Design (19%)
Almost as many thought there should be classes in politeness and good manners.

But Media Studies and Drama did not fare well, with more than a third saying the subjects were a waste of school time.

Providing a financial education
26 Mar 03  |  Business

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