Financial education could give 40-yr olds extra £22k

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Compulsory financial education in schools could see an average couple in their late 40s up to £22,000 better off.

A report commissioned by Norwich Union and written by the consultancy arm of the Institute of Public Policy Research (ippr), ippr trading, reveals taking lessons from the US and providing school children with financial education could see people being richer by a year’s earnings. It claims if it is introduced into the curriculum now, people between the ages of 35 and 49 could be between £13,000 and £32,000 better off each year because of better financial decision making. The findings reveal: A single person with no children could benefit by an extra £13,000 A couple with no children ...

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