DEBT GOES BACK TO THE CLASSROOM
Equifax supports new curriculum proposal
London 12th July 2007 – Equifax, the leading online credit information provider, welcomes news of proposed changes to England’s secondary curriculum. Teachers will be given a new level of flexibility, allowing them to introduce subjects like personal finance to sit alongside core subjects, which will still take priority. With consumer spending at an all time high, the earlier people learn to manage their finances the better, advises Equifax.
“A recent Equifax survey revealed that 61% of respondents named their 20s as the time when they managed their debts less effectively,” confirmed Neil Munroe, External Affairs Director, Equifax. “This shows just how important it is that young people are given the knowledge and confidence to develop good credit habits from the start.”
Of those surveyed, 23% said studying was a major factor in their debts, while 32% didn’t know what their bank charged for their overdraft facility. Another recent Equifax survey showed that students said they went to their parents for financial advice in preference to education sources. However, schools are in the ideal position to influence the next generation of consumers and help them stay out of debt.
Munroe concludes, “This new proposal is a brave step in the right direction to help stem the tide of rising consumer debt. Today young people take credit for granted and see it as a part of every day life. The school curriculum can play a very important role in preparing the next generation of adults for the challenges of the 21st century. And that includes being in control of their finances and managing debts more effectively.”
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To arrange an interview with Neil Munroe please contact either Claire Foster, Kate Clements, Elinor Puzey or Louise Fowler at HSL on 0208 977 9132 or email claire@harrisonsadler.com
About Equifax
Equifax Inc. is a global leader in information technology that enables and secures global commerce with consumers and businesses. We are one of the largest sources of consumer and commercial data. Utilizing our databases, advanced analytics and proprietary enabling technology, we provide real-time answers for our customers. This innovative ability to transform information into intelligence is valued by customers across a wide range of industries and markets. Headquartered in Atlanta, Georgia, Equifax employs approximately 4,600 people in 13 countries throughout North America, Latin America and Europe. Equifax was founded 107 years ago, and today is a member of Standard & Poor’s (S&P) 500® Index. Our common stock is traded on the New York Stock Exchange under the symbol EFX. .
Equifax. Information That Empowers.
