‘I was in debt before I even understood credit’ – The young Britons failed by the education system
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‘I was in debt before I even understood credit' – The young Britons failed by the education system.
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Young people across Britain say they are being "set up to fail" by a system that leaves them navigating adult finances without the basic knowledge needed to stay afloat, a GB News investigation has found.
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The People's Channel spoke to those impacted after new research from Santander UK exposed the scale of the problem.A decade after financial education was added to the secondary school curriculum, only one in four young adults says they received any at school.
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The bank estimates that around four million young people have left education without a fundamental understanding of money management.
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TRENDING Stories Videos Your Say Despite this, 79 per cent have never created a budget, 76 per cent have never paid a bill, and 77 per cent have not set aside money for unexpected expenses.Experts warn that this lack of preparation, combined with rising living costs and shrinking entry‑level opportunities, is creating a generation entering adulthood already on the back foot.Sarah Porretta, chief...
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