The Financial Service Authority seems very keen to educate young people about how to manage their money. It has also expressed its willingness that the there will be an effort to impart such education which will be helpful to make young generation skillful in order to be efficient at workplace.
The UK government is turning towards school and the education system to bring awareness of the perils of personal debt which has become a growing concern these days. It is shocking to learn that by the end of 2005, Britons owed low interest rates to the tune of a massive £1 trillion. It’s apparent that the growing competition among lenders caused a lenient attitude of Britons towards personal debt.
The FSA is likely to focus on basic money management to be incorporated into social skills lessons in order to enable young people prepared for braving the world.
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UK government coming serious on financial education
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