Whoops! Why Everyone Owes Everyone and No One Can Pay

Whoops! Why Everyone Owes Everyone and No One Can Pay is actually a pretty good, easy to read and understand book on the financial crisis.

One of the things that Lanchester looks at is the lack of financial education the average person has and how this creates a conflict between modern financial capitalism and democracy. Those running the banks didn't even know or understand much of what was going on, yet the events of the last few years show which of the two has more power.

However, change may be on the way.

Personal finance education to be compulsory

Financial education will likely become compulsory in schools across England for the first time, following the publication of the new draft curriculum today.

The new curriculum will see financial education embedded in both mathematics and in "citizenship" education.  

Campaigners have fought a long battle for children to be taught the basic skills of how to manage their money.  

http://www.telegraph.co.uk/finance/personalfinance/9855051/Personal-finance-education-to-be-compulsory.html