Media comment: APPG report on financial education

Monday 23rd May 2016

Speaking on today’s report from the APPG on financial education (supported by Young Enterprise) Caroline Rookes, Chief Executive of the Money Advice Service, said:

“We welcome the APPG’s report and the continuing efforts to make meaningful, positive changes to the approach to financial education among young people. Low levels of financial capability remain a problem – the 2015 Financial Capability Survey showed us that around four in ten adults are not in control of their finances and that four in ten have less than £500 in savings. If we can support children and young people so that they receive a financial education that works, we can significantly reduce people’s likelihood of becoming over-indebted and instead help them flourish in their money management in later life.”