MSE News: England and Northern Ireland facing...

glider3560

aj23 wrote: »

Because people are relying more and more on Contactless and Mobile payments and so they can't work it out. Proves that people who handle cash more often know what they are using and spending, I know I do.

So people who pay cash for everything don't ever hand over a £20 note and put the change in their wallet without ever looking at it?

There was an article on the BBC News this week about people throwing away (i.e. putting in the bin) their penies and tuppences.

I'd argue that people who use cash most often are probably the least financially literate.

Ectophile

Suppose a litre of cola costs $3.15. If you buy one-third of a litre of cola, how much will you pay?

Probably about $1.50 to $2, give or take. Anyone who has ever bought soft drinks in the supermarket will realise that big bottles are better value for money than smaller ones.

And if you're paying $3.15 for a litre of cola, you really need to find another shop.

Consumerist

And the government, apparently, wants us all to have a mandatory Personal Tax Account by 2019.

HMRC must be rubbing it's hands in glorious expectation of millions of £100 penalties in 2020. :rotfl:

motorguy

worried_jim wrote: »

Most people are as thick as the proverbial. I'm amazed they make it through the day.

Thats the bottom line.

I think humanity has peaked. 100 years ago if you would too stupid to earn money you died. Now we pay them to sit at home and breed.

unholyangel

motorguy wrote: »

Thats the bottom line.

I think humanity has peaked. 100 years ago if you would too stupid to earn money you died. Now we pay them to sit at home and breed.

If that were true, I think it would make us (those paying them to sit at home and breed) the stupid ones

worried_jim

unholyangel wrote: »

If that were true, I think it would make us (those paying them to sit at home and breed) the stupid ones

We are .

Pollycat

unholyangel wrote: »

If that were true, I think it would make us (those paying them to sit at home and breed) the stupid ones

worried_jim wrote: »

We are .

Because we don't have a choice about it.

unholyangel

worried_jim wrote: »

We are .

We don't pay people to sit at home and breed. We have welfare, which unfortunately is taken advantage of by a small minority who know how to play the system.

The truth is, very few parents pay enough in tax to cover what is spent by the state on our children, never mind anything else. Their education alone is at a cost of £6-8k per child per year.

onomatopoeia99

LadyDee wrote: »

The current generation (and probably the one before) certainly. Those of us who learned the basic "3 Rs" and weren't allowed to use calculators in exams, know exactly how much change we are due. These so-called "studies" are meaningless.

The first exam that counts for anything in this context would be GCSE mathematics, which is completely not a test of artihmetic skills. While I despair of people that can't do mental arithmetic, it's not down to being allowed calculators in exams, to think that fundamentally misunderstands what mathematics is.