Navigation Links
Lacking Finance Education to Blame for Rising Insolvency?
Date:4/27/2010

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:
*Name:
*Comment:
*Email:
(Date:8/23/2017)... 2017  The general public,s help is being enlisted in what,s thought ... in and on the human body –and are believed to affect health.  ... The Microbiome Immunity Project is the ... with the gut. The project's goal is to help advance scientific knowledge ... ...
(Date:6/30/2017)... Today, American Trucking Associations announced Seeing ... and eye tracking software, became the newest member ... "Artificial intelligence and advanced sensing algorithms ... driver,s attentiveness levels while on the road.  Drivers ... fatigue and prevent potential accidents, which could lead ...
(Date:5/23/2017)... , May 23, 2017  Hunova, the first robotic gym for ... has been officially launched in Genoa, Italy . The ... and the USA . The technology was ... the market by the IIT spin-off Movendo Technology thanks to a 10 ... Multimedia News Release, please click: ...
Breaking Biology News(10 mins):
(Date:10/10/2017)... research firm Parks Associates announced today that Tom Kerber ... Annual Meeting , October 11 in Scottsdale, Arizona . ... how smart safety and security products impact the competitive landscape. ... Parks Associates: Smart Home Devices: Main Purchase Driver ... "The residential security market has experienced continued growth, and the ...
(Date:10/10/2017)... ... October 10, 2017 , ... The Pittcon Program Committee ... honoring scientists who have made outstanding contributions to analytical chemistry and applied ... the world’s leading conference and exposition for laboratory science, which will be held ...
(Date:10/9/2017)... N.C. (PRWEB) , ... October 09, 2017 , ... At ... announced Dr. Christopher Stubbs, a professor in Harvard University’s Departments of Physics and Astronomy, ... Stubbs was a member of the winning team for the 2015 Breakthrough Prize in ...
(Date:10/7/2017)... , ... October 06, 2017 ... ... experience providing advanced instruments and applications consulting for microscopy and surface analysis, ... in application consulting, Nanoscience Analytical offers a broad range of contract analysis ...
Breaking Biology Technology: