We’ve talked before about the ‘Hotel des Parents’, where many are having stay well into their thirties, until incomes finally catch up with house prices and they can step onto the ladder and become first-time buyers.
I’ve seen first-hand just how complex the process of house purchase and getting a mortgage is if it’s your first experience. Pensions, investments, credit cards, banking, life insurance, all are equally opaque if they’re new to you and most emerging into the world of work and real life have to learn and make it up as they go along.
Which can mean much catching up in ‘later’ (thirty-something) life. So, yes, they should teach this stuff at school, something all of mine have said (useless parenting from a financial adviser, I agree).
And it probably is just as important as sex education about which, in our world of today, for better or worse, most learn before they’re taught…
