It has never been more important for young people to understand how to manage their personal finances.
Youth unemployment stands at nearly one million. Young people who are in work are struggling against high rents, rising transport costs and worrying levels of personal debt. The result is a bleak picture for today’s generation of school-leavers.
These are, of course, highly complex social problems that no one measure can solve on its own. However, teaching personal finance in all of our schools is one policy that can achieve real results by preparing young people for the challenges that will confront them in later life. We urgently need to give all young people the skills, knowledge and confidence they need to be able to manage their money well, now and in the future.
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