Lucy Kellaway’s crypto class acceptance

This article is a recent feature of FT’s Financial Literacy and Inclusion Campaign

When Lucy Kellaway left the Financial Times and retrained as a financial educator, she could not predict what the cryptocurrency craze would look like. sweeping in British classrooms.

“This is what young men say at every break; “The thing that worries me the most is that they believe that because so much money has been made in the last few years, it will continue.”

Teenagers often have age limits on cryptocurrency trading platforms by making accounts in their parents’ names, they say.

Even if they are known to think it is crypto, they worry that nothing in school education can teach them the dangers of mismanagement of funds, or financial literacy.

He states: “Children drop out of school not knowing that they will receive a tax deduction. “They don’t know what the average salary is, but they are driven by greed driven by social networking sites, which is scary because it doesn’t come from anything that is real.”

FT images Economics and Inclusion Campaign – Flic in a nutshell – expects to change all of this.

In this special Christmas podcast for Money Clinic, presenter Claer Barrett learns why Lucy Kellaway and other top FT writers support greater interest in financial education in schools, as she remembers her experience with money.

Taking the audience on a tour of FT’s City of London office, Claer obeys Patrick Jenkins, an assistant to the editor of FT and a trustee of the charity, who describes how he learned from the financial mistakes he made as a teenager in the 1980’s.

Podcast: Lucy Kellaway’s crypto class approval

Claer Barrett discusses financial education with Lucy Kellaway, Patrick Jenkins and Peter Spiegel. Listen here

“Many young people are looking for easy ways to make money, because there is a big difference between the older wealthy and the younger generation who are having a hard time getting started in the world,” he says.

However, a recent study by FT and Ipsos found that 9 out of 10 people said he had little or no education about school finances.

In the United States, US editor-in-chief Peter Spiegel describes how he learned about money at the family dinner table while watching his father sell shares.

“My father was a doctor, but like most Americans, he had very little money to spend and always had a newspaper looking at a list of stocks,” he recalls.

“The stock market is actually more part of American culture than it is in the UK. You know, a lot of my friends in the UK like to talk about stocks – I think that’s why most Brits invest so much.”

To listen to this episode, follow the link above or search for “Money Clinic” wherever you can find your podcasts.