We Need To Start Teaching Personal Finance in Education NOW

8 min read

If there is one thing the crisis has taught us, is that no one seems to have a clue what’s going in our financial system. And why would they? When were you taught about managing money? Now I know the financial crisis went a bit deeper than people mismanaging their personal finances. There was a lot of deceit, people with ulterior motives and subprime mortgages going on (watch the Big Short to get that explained to you!), but it boils down to people not understanding money, and what it can do for them. And what it can’t do for them…....

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Merle van den Akker Merle van den Akker is a PhD student in Behavioural Science, at the Warwick Business School. She studies the effect different payment methods, especially contactless and mobile methods, have on how e manage our personal finances. In her "free" time she writes articles on personal finance, behavioural science, behavioural finance and life as a PhD student, these are all published on Money on the Mind. With DDI, she writes on personal and behavioural finance, to ensure that knowledge from academia trickles into the mainsteam, and can help as many people as possible!