Developing financial capability among the young through education and asset-based welfare

Prabhakar, Rajiv (2010). Developing financial capability among the young through education and asset-based welfare. Public Money and Management, 30(5) pp. 279–284.

DOI: https://doi.org/10.1080/09540962.2010.509176

Abstract

Youth financial capability is attracting policy concern. One way the previous Labour government tried to tackle this was through its Child Trust Fund (CTF) policy. This was controversial as some alleged this created pliant subjects for financial markets. I defend financial capability as part of financial citizenship and suggest that the CTF was important for supporting financial citizenship.

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