Junior worriers
Posted on April 24th 2008
Children as young as 11 years of age are expressing concerns that they
will fall into debt and be poor when they are older.
In fact more worry about future poverty than worry about playground
fights, or examinations.
Steve Shore, director of Abbey Banking, commented: "The
news is fairly extreme and shows just how much information children
absorb.
"Parents can calm their children's fears on issues such as house prices
and concentrate on teaching their children good financial habits such as
saving their pocket money. Kids should also be taught about products
such as current accounts as this will hold them in good stead for later
years and helps teach them to manage their money and spending early."
The government's department of Children, Schools and Families is giving
money to the charity Personal Finance Education Group to allow it to
support the provision of personal finance education in schools and
colleges. From 2010, personal budgeting will be part of a module within
the GCSE mathematics syllabus.