The investment analyst turned financial education pioneer Karl Ahlstedt will be meeting with Bethan Jenkins AM in March to discuss the need for new laws, ensuring our next generation receive the education they deserve.
Having witnessed the lack of financial education in our schools first hand, Karl is passionate about bringing together the countries experts to create a comprehensive and up to date curriculum that can provide the foundation of financial security and sensibility for those in education today.
According to Alison Pask, managing director of LIBF “68% of teenagers are still leaving school without this vital education”.
Alison continued: “To improve, as recommended by All Party Parliamentary Group (APPG) we need teachers to be financial champions, when they leave school young people will need to know how to manage money independently.”
“We are failing our young people if we don’t embed financial education across the curriculum.”
“Academies and free schools do not need to adhere to the national curriculum so 68 per cent of teenagers are still leaving school without this vital education.”
There are additional concerns with the current student demographic as Shelly Asquith, US vice president of welfare said: “We’ve seen the use of payday loans and credit cards by students steadily rise over the last few years as the cost of living grows but students’ incomes fail to match up.”
The case for improved financial literacy has arguably never been greater, and we are already seeing local businesses support our vision. Affinity Education has recently commented “Fantastic news! This will certainly prove beneficial for teachers and students in Wales.” – Affinity Education Limited.