The Government announced plans in November to make financial literacy mandatory across primary and secondary schools, with the new curriculum due to be introduced from September 2028.
The findings, taken from Raisin UK’s Global Money Confidence Index, found that 55% of Brits feel stressed about money.
New research from Pepper Money shows 24% of UK adults lack confidence when comparing financial products, with younger people, women and lower-income households most affected.
New research from Shepherds Friendly has found that financial literacy levels in the UK have declined sharply.
New research from Barratt London shows almost half of adults want to improve their financial literacy in 2026, with saving for a home deposit a key New Year’s resolution, particularly among Gen Z.
While demand for homeownership remained high, Pepper Money research pointed to a widening confidence gap in financial literacy that could hinder many would-be buyers.
Pupils will get more teaching on reading, science and maths, as well as practical skills like spotting fake news and managing money, including mortgages.
Over two thirds (69%) of workers surveyed said they feel financially resilient, up from 65% in 2023.
Despite having a mortgage, 16% of respondents admitted to not fully understanding the process.
A recent survey by Compare the Market reveals that 71% of people in the UK think the mortgage process should be part of the school curriculum, highlighting widespread confusion about mortgage-related terms.
The new programme, developed in conjunction with Tandem Bank, will support young people transitioning through educational settings, and vulnerable families facing poverty.
The ERC has published a guide aimed at giving customers the best chance of understanding products and services.