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Young Persons' Money Index Details Page

Young Persons' Money Index 2015 summary

The Young Persons' Money Index is an annual research project commissioned by ifs University College to measure the understanding, attitudes, behaviours and experiences of, towards and with money management and personal finance.

The first report revealed a concerning, if not unexpected picture of financial literacy among UK teenagers ahead of proposed changes to the National Curriculum, which saw the formal introduction of personal financial education through Citizenship and Maths.

This, the second itineration of the research was completed in Spring 2015 by research agency ICM among 2,000 teenagers in the UK aged between 15 and 18 and reveals yet another concerning picture of financial literacy across the UK.

Key findings:

  • 59 per cent of students in compulsory education do not receive any form of structured financial education
  • Teenagers are more likely to gamble than plan a budget
  • 25 per cent have received fraudulent emails or texts, leaving them vulnerable to the effects of financial crime

Please read the Young Persons Money Index 2015