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Horrifying ignorance among teachers on money matter

A new study has revealed that an astonishing 53% of teachers admit they couldn't teach simple personal finance issues. The study, from Shares4Schools, found that one in five teachers struggle with personal finance questions themselves - so it's baffling as to how the government expects them to be able to teach the subject to children.

Shocking gaps in their knowledge included investments - as only 17% said they knew what the stock market was and only 16% understood dividends. Pensions were another worrying area - with just 28% able to explain what a pension is.

The percentage of teachers who would be comfortable explaining:
  • What investing is: 45%
  • What APR means: 36%
  • How taxes work: 41%
  • How a credit card works: 61%
  • How a debit card works: 64%
  • What the stock market is: 17%
  • How a pension works: 28%
  • How a mortgage works: 46%
  • What a dividend is: 16%
  • What an ISA is: 40%
  • How a will works: 35%
Source: www.money.aol.co.uk

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