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Investors' Chronicle
Why finance should be taught in schools: Lee and the IC
Feb 11, 2025
Cameron Holt, a 16-year-old Member of Youth Parliament, is on a mission to make financial education mandatory in UK schools. He discusses the gaping holes in current financial literacy education and how it leads to young people being unequipped for real-world money management. Cameron shares strategies to engage youth in financial concepts through practical learning. The discussion also touches on his petition aimed at reforming school curricula to include essential financial skills. Plus, insights from Lord Lee about market trends and investments.
35:30
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Quick takeaways
- Cameron Holt advocates for statutory financial education in schools to empower youth with essential money management skills and confidence.
- The current UK curriculum lacks consistency in financial education delivery, necessitating a standardized approach to ensure all students are adequately prepared.
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Importance of Financial Education
Financial education is crucial for empowering young individuals to make informed decisions about money management. Many young people today lack the necessary knowledge to navigate significant financial responsibilities such as student loans, debt management, and budgeting. This gap in education leaves them vulnerable to financial fraud and mismanagement, which can have long-term repercussions. Advocates argue that financial literacy should be a statutory subject in schools, ensuring all students gain foundational skills necessary for adulthood.
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