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Financial education to be debated in Parliament as petition hits 100,000

Making money lessons compulsory in schools will be debated in the House of Commons after an e-petition received over 100,000 signatories.

Personal debt is at a record £1.5 trillion, around £9,000 per person, and 90% of the UK population have never received any form of money management lessons.

MyBnk has backed the drive since Martin ‘Money Saving Expert’ Lewis set up the petition earlier this year,

It’s supported by 200+ MPs who have signed up to one of the biggest All Party Parliamentary Groups.

The group, led by Justin Tomlinson MP is soon to deliver a report making recommendations on how to fit financial education into the curriculum.

It is currently pot luck whether a young person receives financial education – high youth unemployment, a tighter job market and higher tuition fees means this generation will have to make smarter financial decisions.

Surveys have shown 93% of teachers and parents think personal finance education should be taught in schools.

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