A couple of dates ago I asked people to sign a Government petition to teach school kids about financial literacy. Today a report has been published that says most teenagers don’t even know the cost of basic food items like eggs and bread along with washing powder with 1 in 10 thinking that a loaf of bread costs just 29p! On the other hand, they knew to the nearest pound how much things like iPhones, iPads and PS3′s cost! Fair enough, it’s not like it matters too much since they are not going to be doing the weekly family shop, but it could have implications when they head off to uni or how much free cash they’ll have to spend when the get a job.
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