Navigation Links
Lacking Finance Education to Blame for Rising Insolvency?

MANCHESTER, England, April 27 /PRNewswire/ -- Debt advice specialists at MoneySolve believe that the record level of personal insolvencies that occurred in 2009 is, in part, down to a lack of financial management and debt education.

More than 134,000 people became insolvent during 2009, by entering into an IVA, Debt Relief Order or bankruptcy and many more continue to experience severe financial difficulties. Experts at MoneySolve believe that by increasing education at every level in the field of financial management and debt could reduce this number, commenting that;

"People come to us every single day seeking IVA advice or just to ask us exactly what their options are. These are people who simply do not know how to resolve their financial problems. Last year saw huge numbers of personal insolvencies and while the recession and the resulting job losses played a part in this, we cannot underestimate the role played by little or no finance education. Money management is a basic life skill that we all need but that we're never formally educated on and this has to change if we're to realistically tackle the personal debt problem."

The Government recently announced compulsory financial education in schools for children aged 5 – 16, before making a disappointing u-turn on that policy this month after failing to get the support of the opposition party.

SOURCE MoneySolve
Copyright©2010 PR Newswire.
All rights reserved

Page: 1

Related biology news :

1. Recommendations for childrens exercise lacking say experts
2. Educational historian looks at origins of the culture wars
3. Insects and sex: Educational help from the museum
4. Physical education teaching staff play key role in making you like sport
5. UT Southwestern receives $700,000 from HHMI to promote medical education of Ph.D. students
6. Indiana U. at APHA: Studies about health education for people with ID, stability balls at work
7. Biologists, educators recognize excellence in evolution education
8. Multicultural education focus of new UOG publication
9. Television has less effect on education about climate change than other forms of media
10. New collaborative center to provide education, research on temperate rainforests
11. Formal education lessens the impact of Alzheimers disease
Post Your Comments:
(Date:6/9/2016)... 9, 2016 Paris Police ... video security solution to ensure the safety of people and ... during the major tournament Teleste, an international technology ... services, announced today that its video security solution will be ... back up public safety across the country. The system roll-out ...
(Date:6/2/2016)... LONDON , June 2, 2016 ... has awarded the 44 million US Dollar project, ... Security Embossed Vehicle Plates including Personalization, Enrolment, and IT Infrastructure ... world leader in the production and implementation of Identity Management ... in January, however Decatur was selected ...
(Date:6/1/2016)... June 1, 2016 Favorable Government ... Administration and Criminal Identification to Boost Global Biometrics System ... released TechSci Research report, " Global Biometrics Market ... Forecast and Opportunities, 2011 - 2021", the global biometrics ... 2021, on account of growing security concerns across various ...
Breaking Biology News(10 mins):
(Date:6/23/2016)... WI (PRWEB) , ... June 23, 2016 , ... ... supplements, is pleased to announce the launch of their brand, UP4™ Probiotics, into ... for over 35 years, is proud to add Target to its list of ...
(Date:6/23/2016)... TORONTO , June 23, 2016 /PRNewswire/ - ... Ontario biotechnology company, Propellon ... the development and commercialization of a portfolio of ... cancers. Epigenetic targets such as WDR5 represent an ... contribute significantly in precision medicine for cancer patients. ...
(Date:6/23/2016)... 23, 2016 Houston Methodist Willowbrook Hospital ... Sports Association to serve as their official health ... Methodist Willowbrook will provide sponsorship support, athletic training ... association coaches, volunteers, athletes and families. ... Sports Association and to bring Houston Methodist quality ...
(Date:6/23/2016)...  The Prostate Cancer Foundation (PCF) is pleased to announce 24 ... for prostate cancer. Members of the Class of 2016 were selected from a ... Read More About the Class of 2016 PCF Young Investigators ... ... ...
Breaking Biology Technology: