London Institute of Banking and Finance · 2023
This annual survey of over 2,000 UK secondary school pupils aged 15–18 tracks access to financial education in schools and young people's financial knowledge, attitudes and behaviours. The 2022/23 edition found that the proportion of students reporting access to financial education in school dropped significantly from 73% to 62%, while 82% said they want to learn more about money at school — up 10% on the previous year. Young people's financial knowledge remains patchy, with many unable to correctly answer basic questions about credit, debt and APR, and most relying on parents rather than schools for financial understanding. The cost-of-living crisis has increased financial anxiety, with 70% saying rising costs made them more worried about money.