MANCHESTER, England, April 21 /PRNewswire/ -- Debt Advice experts at MoneySolve have expressed their disappointment at the recent U-Turn on the financial education policy.
In January 2010, the Government announced plans to make finance related education compulsory in schools from 2011, something that has so far been desperately lacking on the National Curriculum. The money management classes were set to be part of Personal, Social, Heath and Economic lessons in schools, which, under the proposed reforms, were to become compulsory. However, the Government recently declared a U-Turn on this policy after failing to win the support of the Conservative Party.
Experts at MoneySolve fear this could lead to future generations experiencing the same personal debt turmoil so many are suffering now, commenting that, "We were delighted to hear about the proposed changes in January. We've long said that education is absolutely essential if there is a realistic chance of tackling the personal debt problem in the UK."
MoneySolve's advisors speak to debtors seeking debt consolidation or advice on a daily basis and believe that not knowing how to deal with debts causes further stress.
"We really hoped that the money management classes in schools would not only cover budgeting and sensible spending habits, therefore helping to prevent debt amongst young people in the first place, but would also help in removing the taboo element of talking about finances and debt in particular. We still feel that it's this that make so many people hesitate to seek advice."
SOURCE MoneySolve
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