Martin Lewis: Financial Education A Bloody Farce.

[aardvark6535]

Government support for financial education has been a bloody farce – teachers need more resources and ongoing training.

An interesting video here of Martin Lewis, pushing for resources to educate our children, in Financial matters. What's your thoughts?

 

https://www.moneysavingexpert.com/news/2024/03/martin-lewis-financial-education-committee-evidence/

[cressida]

Martin Lewis business schools all over the country could be more effective.👍

[Guest]

5 minutes ago, cressida said:

Martin Lewis business schools all over the country could be more effective.👍

Especially if he set one up in No 11 Downing Street.

We seem to get some chancellors with funny ideas of financial common sense.

[Anna B]

Yes, yes, yes.

 

Personal Finance should absolutely be part of the school curriculum. 

 

Maths is way behind the times. Has it changed that much since the golden age of education? Is it still teaching sodding logarythms?

Personal Finance is now a necessary life skill that affects us all. Rich and poor.

 

With the rise in house prices etc a lot of us are richer than we think and have more to leave to children, (hopefully) so it's more important than it ever was. It pays to be savvy. If schools don't teach the basics, who does? It puts poorer kids at a huge disadvantage; not knowing how money can work for them if they use it right.

[Beamish]

The government doesn't want us to understand finances and tax. If we did we would see how we're being ripped off. Tax laws are complicated for a reason. 

 

[Prettytom]

41 minutes ago, Anna B said:

 

 

Maths is way behind the times. Has it changed that much since the golden age of education? Is it still teaching sodding logarythms?

 

They don’t, at least not at GCSE.

 

They still teach spelling in English though😁

 

A personal finance module would be a fine addition to the Maths GCSE curriculum. You are absolutely correct about that.

 

And it shouldn’t be beyond the government to provide an online course, available to all ages, for those who want it.

[Delbow]

Donning my tin foil hat for a moment, is there much interest among the ruling class for financial education among the wider population, when debt serves useful political purposes in keeping people in their place? Some Republican senator made very telling remarks not long ago about the importance of student loan debt in funneling people into the armed forces. I know that's America but their politicians are pretty much on the same page as ours, right?

[Anna B]

3 hours ago, Prettytom said:

They don’t, at least not at GCSE.

 

They still teach spelling in English though😁

 

A personal finance module would be a fine addition to the Maths GCSE curriculum. You are absolutely correct about that.

 

And it shouldn’t be beyond the government to provide an online course, available to all ages, for those who want it.

Excellent idea.

[aardvark6535]

That online course is a brill Idea.

I'm surprised that Martin had to publish that book himself, and I'm surprised of the amount of charity work he does, financing that text book alone was £500K I believe, always liked the bloke, just never looked at the work he does off camera.

[alchresearch]

Its all very well him calling "for more training and resources for teachers" - that isn't the problem (its been part of PSHE lessons since 2008).

 

The problem is where to fit it into an already packed curriculum and teachers and unions not liking changes - especially the older ones in the profession - they just hate change.

 

You wouldn't believe how many refuse to engage with modern technology and do all their lessons with a whiteboard and dry wipe pens.

 

Look when they planned to reduce the 6 weeks holiday:

Quote

While 33% backed keeping the summer break at six weeks, 35% wanted it shortened to five weeks and 29% preferred a reduction to four.

 

Edited March 8 by alchresearch