The need to improve financial education for children has been recognised in recent years and current market events are likely to increase the requirement for further measures. So how can CTFs be used to raise a generation of investors?
These are worrying times. The current economic and financial market climate has highlighted both the lack of a savings culture in the UK and too great a reliance on credit. This has left many families in a tight financial situation as we approach what threatens to be a severe economic downturn with significant job losses. The figures alone are staggering. According to Credit Action, total personal debt stood at £1.45tn as of the end of August, excluding mortgages. Worryingly, recent research from Datamonitor has shown that the UK is the only country in Europe with more credit cards than p...
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