Monday 15 March 2010

How Economics can help you retire rich


Why do we need money? What are the hidden dangers of storecards? Why is it smart to start saving for your retirement as soon as you get your first job? These were just a few of the questions raised in today's assembly – in which Simon Harrison (Head of Economics at the Sixth Form) gave a whistlestop tour of some fundamental economic issues and how they affect us all.

In the short video clip below, you can watch Simon giving an illustration of the principle of compound interest – explaining how much benefit there is in starting to save from the earliest possible age.



(You can also watch via Vimeo or YouTube)

Simon's assembly was the latest in a series given by teachers from the Sixth Form – which offer Leckford Place students an insight into subjects they might decide to study when they come to choose their own A levels.