youthmoney

Young adults are largely ignored by the personal finance pages of newspapers. This ignoral is widespread. Bizarrely, it happens even when the story is about them. Daily Telegraph’s story headlined “More than half of parents give almost £12,000 to their children” starts like this: Scottish Widows said that adult children were sapping their parents and [...]

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The BBC asked a panel of money experts to devise a quiz on financial knowledge. What did they come up with? A dog’s breakfast of drivel, exposing what is wrong with the way experts think about financial knowledge. According to this quiz, one of the main things people need to know is the details of [...]

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Maybe the Alfie story (see previous post) is not such a demonstration of financial incapability as it first seemed. The Press Complaints Commission has announced an inquiry into alleged payments by The Sun and the People to the parents of Alfie Patten. It points out that: Clause 6 (iv) of the Editors’ Code of Practice [...]

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Interviewer: What will you do financially? Alfie: What’s financially? Good question. The video clip in the Sun’s story says it all. The Sun’s columnist contributes predictable cliches: “What a damning indictment on Britain’s hugely expensive sex education programme in schools.” But why doesn’t anyone have a go about the standards of financial education. At least [...]

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Cash grants of £190 to mothers-to-be will start being paid in April. Claim forms for the tax-free, one-off payment are available now from midwives and doctors. To qualify, you must be at least 25 weeks pregnant, with a due-date on or after 6 April 2009. The “health in pregnancy grant”, which comes from HM Revenue [...]

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