The current economic climate has lead to calls for financial lessons to be put on the Scottish School curriculum.

According to an article by the Times, Fraser Smart, a director of human resources company Buck Consultants, has urged the Scottish government to introduce finance lessons to schools, in fear that this my not happen at a UK level.

Smart believes that the global credit crunch turmoil makes the need for financial education a matter of urgency, and that it should be introduced for everyone. These lessons should cover all financial areas, including debt management, mortgages and loans. “I believe that we could and should introduce a change to the school curriculum very quickly indeed to begin addressing the most basic financial needs.”