YOUNGSTERS should be taught financial education in Wigan schools to help tackle youth unemployment according to an education charity.
The Personal Finance Education Group (pfeg) claims that the level of youth unemployment in Wigan is a “stark reminder” of the importance of teaching financial education in schools.
According to pfeg, figures from the Department for Work and Pensions show a total of 2,900 young people aged 16 to 24 in the Wigan area claimed Jobseeker’s Allowance in October.
The charity, which offers free resources and support to schools in Wigan and across the country, is campaigning for financial education to be included in the national curriculum and taught in every school in the UK.
It says that financial education lessons can help equip young people to manage their personal finances as they search for work, and help prevent Wigan’s young unemployed falling into problem debt.
Tracey Bleakley, pfeg chief executive, said: “School-leavers are entering adult life in extremely difficult economic times. Too many young people in Wigan are still struggling to find work – and the truth is that in many cases we are making their problems worse by allowing them to leave school without the skills they need to manage their money well.”