Would you like to be more financially educated?

A report by Friends Life has found that 83% of people do not feel that enough is being done to educate people about financial matters.  63% said they wished they had received financial education in school and 65% thought that financial education should be provided in the workplace.

The study also found that 48% of people disagree with the suggestion that the nation’s children will be more financially savvy than previous generations, while only one in five people agree.

Friends Life also suggest that a lack of financial awareness means that increasing numbers of school leavers and graduates have no idea where to go for advice on pensions – over 65% of 18-24 year olds did not know how to get this advice.

 

Source:  Credit Action – January 2012 edition

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