London Institute of Banking and Finance · 2022
This annual survey of over 2,000 UK secondary school students aged 15–18 tracks access to financial education and young people's financial capability. Key findings show that anxiety about money has reached a record high of 81%, with two-thirds attributing increased anxiety to Covid-19. While access to financial education in schools has improved (73% report some access, up from 64%), dedicated personal finance lessons remain rare, and young people's tested knowledge of financial concepts has deteriorated compared to the previous year. The vast majority (72%) say they want more financial education in school.