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Should finance be taught at school?

This is a subject that we have covered on a number of occasions in the past and one which tends to attract significant interest. Youngsters at school are taught how to read, how to write, how to spell as well as an array of other vital elements needed for the future. However, while we teach people how to work and what they may be good at, there is no formal financial training to make people aware of living expenses and what they can expect to experience in the future.

How crazy is it that kids are literally thrown onto the street to find employment, handle a potentially massive increase in their incomes as well as everyday life. Surely now is the time to teach kids on an ongoing basis what they can expect in later life with regards to money, the cost of living and how to save. While credit cards and loans are a vital element of any economy and any society, we also need to teach children to respect these potential pitfalls and ensure that they are not overextended.

Credit card companies and finance companies in general have a big part to play in the ongoing education of the young people of today as sometimes commercial ventures can overshadow moral responsibilities.

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