London Institute of Banking and Finance · 2017
The Young Persons' Money Index 2017 surveyed 2,018 young people aged 15–18 in the UK to assess their financial capability, confidence, and access to financial education. The report finds that more young people than ever are receiving financial education in school (44%), but delivery remains inconsistent — with gender, geography, and social grade all affecting access and outcomes. Young people tend to overestimate their future earnings and underestimate financial burdens such as student debt, while their knowledge of financial products and concepts is variable. Financial education is shown to have a positive impact on confidence and saving behaviour, but its effect on actual financial knowledge is less clear-cut.