Financial capability is a key driver of financial wellbeing which is the ability to meet all current commitments, without undue stress, and the resilience to cope with future income or expenditure shocks. We want to help enhance financial capability at school, at home and in the workplace as one of the keys to future financial security.
- 5 million UK adults have less than £100 in savings
- 47 million people in the UK do not access financial advice
- 72% of UK adults support financial education from age seven