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School curriculum to include debt management

It has been revealed that the UK government will push through with plans to teach children as young as five how to manage debt. Whether or not teaching children about money management at the age of five is a little "too far" is open to debate but the truth is there needs to be a wholesale change in the way we hide from debt in the UK. Starting at school would appear to be the perfect strategy!

There has been criticism about the lack of financial management lessons in schools across the UK although thankfully the authorities now appear to be tackling the situation head-on. The truth is there are millions of adults in the UK who have no idea how to manage their debt, their financial limits or indeed how to control their spending. This has seen personal debt in the UK rise to record levels over the last 20 years, a situation which became ever more apparent after the credit crunch.

If we can save just a small minority of children from financial hardship in the future then this is a job well done and hopefully they will teach their children, who will teach their children, etc. The ball has started to move but there is still much work to be done.

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