Schools should teach personal finance

Personal finance education should be part of the school curriculum, according to a survey of teachers and parents.

Ninety-three per cent of those questioned said the topic should be taught in schools, and as a subject it was ranked sixth in importance after English, maths, science, languages and history.

Teaching personal finance is currently not compulsory, and just 4 per cent of teachers questioned regularly taught it.

As part of the research, conducted by the Association of investment Companies, 771 primary and secondary school teachers, and 613 parents with children below the age of 16 were questioned online.