Financial Education
In conjunction with the measures being considered, my suggestion is that a greater focus be placed on financial education which can help people on lower incomes enjoy a better standard of living than they might do at present without necessarily making compromises. The Chartered Banker Institute offers a service tied into the Curriculum for Excellence where members delivers Primary and Secondary Workshops to students of all ages that provides a sound financial footing for later life. https://www.charteredbanker.com/getinvolved/my-skills-and-future/schools.html
Why the contribution is important
During my time as a financial professional, I interviewed several thousand of my bank's customers and I soon learned that their standard of living was not necessarily income based but more about how they managed their money. In fact, many of those who would default on loans had substantial salaries well above the national average whilst those on lower incomes tended to be at least as reliable in meeting their obligations.
I believe if the Scottish Government work closely with the Chartered Banker Institute, the next generation of school students could become more empowered in managing their financial affairs which would relieve some of the burden from the State.
by Engineer on August 17, 2021 at 01:48PM
Posted by Edinburgher August 19, 2021 at 14:22
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Posted by Dober67 August 21, 2021 at 14:02
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