Sunday, Nov 15, 2009
Education, education, education.
The Telegraph: Queen's Speech: Consumers will get lessons in finance, funded by banks
Any increase in the financial education levy will be resisted by banks. The British Bankers' Association said: banks already put money into financial education and capability schemes and support including financial education in the national curriculum."
Posted by devo @ 11:30 PM (1053 views) Add Comment
17 Comments
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1. devo said...
The British Bankers' Association said: banks already put money into financial education...
A survey by the Learning and Skills Council last month found that nearly nine in 10 consumers failed at basic financial calculations.
Does not compute.
2. enuii said...
Pre Election Bull from a failed government, the average basic UK consumer, with a basic UK education and the attention span of a gnat will hardly be interested or for that matter be able to understand anything put in front of him/her self after being out of the education system for more than a couple of years. Come on if professional teachers couldn't manage it how are a bunch of bankers going to even if the IFS are currently offering their lowest certificate in financial studies to 15/16 year olds as a national curriculum bolt-on.
3. devo said...
2. enuii said... Come on if professional teachers couldn't manage it how are a bunch of bankers going to...
They aren't, they're going to pay for it (and then some).
4. drewster said...
It's like sex education. Two hours of classroom lessons emphasising caution, versus a media saturated with Location Location etc. No surprise to see the lessons of caution will be drowned out.
5. devo said...
The end of term reports should make interesting reading though....
Devo has made good progress in understanding how the quadrillion dollars in notional derivatives has contributed to the collapse in the global economy. However, he must try to overcome his tendency to shout flippant remarks from the back of the class.
6. will said...
We have just had the greatest lesson from the banks - failure. We don't need anymore.
7. contrails are not a conspiracy (formerly npnh) said...
The banks have done well because of the average Joe’s financial illiteracy. Things are going so well so why change anything now?
In other news just in vote against Xmas.
8. contrails are not a conspiracy (formerly npnh) said...
turkeys vote against Xmas I mean!
9. d'oh said...
Those who can do; those who can't, teach!
banks seem like the perfect teachers then. :-)
10. Ra02127a said...
Lesson number one should be DONT TRUST A BANKER
11. This comment has been removed as it was found to be in breach of our Blog Policies.
12. mark wadsworth said...
I for one would love to give school kids lessons in economics, finance and tax and so on. I'll turn out a whole generation of Georgists!
13. John Parker said...
The FSA is already meant to make people more financially capable. It's part of their mandate / responsibilities. Funded by banks or anyone that they regulate. So, is this new?
14. matt_the_hat said...
The only financially illiterate ones are the ones who haven't mortgaged themselves up to the eyeballs, and instead have prudently saved.
Paying someone else's mortgage how financially illiterate can you get!
15. contrails are not a conspiracy (formerly npnh) said...
Anyone got any ideas how to read comments that have been removed?
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