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Are school's in York teaching kids basic finance skills?

Keith Aspden

12:01am 25th September 2011

Liberal Democrat Children and Young People's spokesperson, Councillor Keith Aspden has called on City of York Council to ensure that all schools in the city are teaching young people basic personal finance skills to prepare them for the future.

Councillor Aspden's call comes as an e-petition asking the Government to make financial education part of the National Curriculum continued to attract support, having reached more than 61,000 signatures so far.

Keith says there was already some good work taking place in York Schools to improve financial literacy, but urged the Council to do more to standardise the education.

He said:

"If the Government were to make this part of the curriculum as the petition calls for, then it would help to ensure that schools did prioritise financial education. However, until that happens the Council must do all it can to encourage and support all the schools in the city to teach pupils these important skills."

"People across the country are struggling with debt and in tough financial times it is vital that people are aware of their rights as consumers and given the skills necessary to manage their household budget successfully."

"Yet the teaching of these skills to children is hit and miss at best. Some schools do excellent work, but others do not give pupils any financial education at all."

"As a teacher I know how hard it is for schools to deal with all the competing pressures on time, but giving pupils these essential life skills has to be a priority."

"It is in everyone's interest that young people are taught how to manage their personal finances. High levels of debt were a big factor in the recession and by educating people to avoid unmanageable debt we can help protect the economy from similar problems in the future."

PICTURED: Keith Aspden

Keith Aspden

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