William Vereker, chairman of Santander UK, which is planning to launch a financial education programme in 2025, said: “Young people’s understanding and effective management of money is essential in their own lives, but also for wider society and economic growth.
35% of young adults ‘are concerned about their finances on a daily basis’ More than a third (35%) of young adults are concerned about their finances on a daily basis, a survey has indicated.
The survey, commissioned by Santander UK, also found that only one in seven (13%) young adults feel the financial lessons they received in school are applicable to their personal finances.
Young people’s understanding and effective management of money is essential in their own lives, but also for wider society and economic growth.
“Empowering them with the knowledge and skills to develop a healthy, resilient relationship with money directly impacts the economic stability of the country, by reducing individual debt, instilling investment habits and encouraging entrepreneurship.”.
