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Horrifying ignorance among teachers on money matters

A new study from Shares4Schools has found 53% of teachers admit they couldn't teach simple personal finance issues and that one in five teachers struggle with personal finance questions themselves with gaps in knowledge included investments and pensions.

The study found the following percentage of teachers would be comfortable explaining:

  • How a debit card works: 64%
  • How a credit card works: 61%
  • How a mortgage works: 46%
  • What investing is: 45%
  • How taxes work: 41%
  • What an ISA is: 40%
  • What APR means: 36%
  • How a will works: 35%
  • How a pension works: 28%
  • What the stock market is: 17%
  • What a dividend is: 16%


Source: www.money.aol.co.uk

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