Letter from the editor of the Financial Literacy and Inclusion Campaign of the Financial Times

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Personal Finance Update

Dear reader

The seasonal appeal of the Financial Times on behalf of charities has raised more than £19.5 million in the past 15 years and has supported many worthy causes. In the past year, we have been working on a more ambitious project that will replace our seasonal appeal: today, we launched FLIC, a new charity that aims to promote global financial knowledge and tolerance. We hope that with you, our readers, we can have a lasting impact in areas that conform to our values ​​and expertise.

The financial literacy data is shocking. According to the World Bank, two-thirds of the world’s population does not have financial knowledge, and the correlation between financial illiteracy and poverty is obvious. Despite unprecedented financial relief measures, the impact of the coronavirus pandemic has forced millions of people in both developed and developing countries into financial insecurity. Financial flexibility has never been more important.

Financial Literacy and Inclusion Campaign

In the next few weeks, the writers of the British “Financial Times” will report on different aspects of financial literacy and the most illiterate groups: young people, women, and deprived groups such as immigrants and refugees. Young people are a special priority. As the government withdrew financial aid, young people fell into a situation of job insecurity, and the education of children and students was severely disrupted.

Instilling confidence in arithmetic in children will lay the foundation for their future financial flexibility. I believe that all children (including my own children) should learn mathematics until the age of 18, but you don’t have to be a math genius to be proficient in financial knowledge.At our charity conference movie, FLIC director Aimee Allam and British “Financial Times” consumer editor Claer Barrett (Claer Barrett) met with students at a school in Manchester and held a pilot seminar on financial risks.

In FT Money this weekend, Patrick Jenkins, FTIC’s deputy editor-in-chief, has been the driving force behind FLIC. His report in Middlesbrough in northeastern England shows that the gap between the rich and the poor in the economically impoverished areas of the UK is widening.Finally, let’s take a look at how financial education is provided Lasting legacy.

I know you will read these stories with great interest and hope you can support our activities, both financially and by providing your time and expertise.To learn more and donate, please go to FLIC website.

Thank you very much for your support.

Lula Khalaf

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