Teenagers 'should be taught personal finance'

31 August 2007
Young people should be given the opportunity to take lessons in personal finance while they are in school, it has been claimed.

Citizens Advice has commented that it fully supports the economic wellbeing and financial capability course for 11 to 16-year-olds announced in July 2007.

It is hoped that the new subject will help people avoid trouble with credit card and loan companies when they are older.

A spokesman for the organisation stated that there are a lot of ways in which to make the issue attractive to students.

"There are a whole variety of ways of engaging young people of that age with the issues. There are many different methods, ranging from drama to a whole load of other things," the representative commented.

Meanwhile, money charity Credit Action has stated that the UK is in around £1.3 trillion worth of personal debt.

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