Released on = July 18, 2007, 3:12 am

Press Release Author = Loans Bazaar

Industry = Financial

Press Release Summary = Recent plans to start personal finance lessons in the school
level have been seen as a good start to solving the debt problem. The Chartered
Insurance Institute (CII) for one has welcomed this moved as a timely intervention
of an otherwise lackadaisical Government.

Press Release Body = London, 17th July, 2007: With an average household debt
totalling up to £8,800, it seems that the Government has decided that its time for
the Brit folks to know their stuff. "Catch them young" seems to be the adage that
they are following with purported school lessons to be given in personal finances to
the "young uns".

The Chartered Insurance Institute (CII) state that this will help young people gain
a better understanding of money-related matters. Bob Bullivant, Deputy Director of
the Institute feels this is a positive step in building a base towards developing
consumer financial skills. He further adds \"If children are confident about basic
decisions and financial skills, they are more likely to be confident in taking
financial decisions when they are faced with them as adults.\"

But, then again the CII warned that this step should not be a half finished project.
The government has to take steps to ensure that personal finance education in
British Schools is a long-term priority.

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