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'We need to teach children about personal finance'

'We need to teach children about personal finance'

Summary

Schools in the south of England will start teaching children about personal finance as part of the national curriculum by 2028. Lessons will cover topics like budgets, money management, and understanding credit. Some teachers say they need additional training to teach these subjects effectively.

Key Facts

  • Schools in the south of England will include personal finance in their curriculum by 2028.
  • Students will learn about budgets, money management, mortgages, and compound interest.
  • There are concerns that teachers will need more training to teach finance effectively.
  • Queen's Park Academy in Bournemouth already teaches students about personal finance.
  • Principal Sarah Simmons says pupils understand money does not come easily and have to earn it.
  • The charity Young Enterprise supports financial education, calling it a life skill necessary for adulthood.
  • Leaf Studio School in Bournemouth also teaches financial literacy, including credit and identifying online scams.
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