Nationwide has thrown its weight behind a campaign to make financial education a compulsory part of the national curriculum.
The building society is encouraging members to sign a government e-petition created by Martin Lewis, founder of MoneySavingExpert. com, which says children should learn about personal finance at school.
In an initiative launched earlier this year, the government promised to consider e-petitions that gain 100,000 signatures for debate in the House of Commons.
Graeme Hughes, group director for HR and corporate affairs at Nationwide, says it is vital children are taught the basics of finance.
He says: “Nationwide is backing this campaign because we feel that making financial education a part of the curriculum will ensure that the subject is taught correctly and consistently in the best place possible.”
Lewis says: “It’s great Nationwide is joining the campaign as this issue isn’t just a consumer one, it affects financial services firms and employers.
“It’s time we took the agenda to politicians to guarantee that time is dedicated to ensuring children are equipped to deal with our complex economy.”
At the time of going to press, the e-petition had 59,574 signatures.