UTTOXETER MP Andrew Griffiths is spearheading a campaign to make financial education compulsory in schools.
The Government is being urged to ensure young people can learn how to manage money and deal with debt.
An all-party Parliamentary group, including Mr Griffiths, has been formed to help drive the campaign forward.
More MPs from Staffordshire and Cheshire are expected to join over the coming weeks. The campaign is also being backed by the Personal Finance and Education Group and MoneySavingExpert.com.
It comes just as young people face rising university tuition fees and their families feel the impact of the recession.
Group chairman Justin Tomlinson said: “Young people are entering an increasingly complex financial world of store cards, mobile phone tariffs, credit agreements and financial marketing.”