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start building your future now
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welcome to moneybranch! learn anything and everything. we are dedicated to promoting and giving access to the youth in order to broaden your horizons, starting with gaining or improving your financial literacy
only 62% of teens in the uk have reported to recieve some form of financial education
According to the Organisation for Economic Co-operation and Development (OECD), the level of financial literacy among young people in the UK is relatively low compared to other developed countries.And while the UK government has recognized the importance of financial education and has made efforts to incorporate it into the national curriculum. However, there are still gaps in the provision of financial education in schools, and not all young people receive adequate instruction in this area.
mybnk published research in 2023 on data from surveys with teachers and young adults finding that not even half of the young adults in our population are financially literate.
these statistics are why as teenagers transition to adulthood, the strings of bad financial habits spiral, which is why teaching kids about money management early in life sets the foundation for financial independence and responsible decision-making as adults. By instilling good financial habits from a young age, kids are better equipped to manage their finances effectively in the future.
these statistics are why as teenagers transition to adulthood, the strings of bad financial habits spiral, which is why teaching kids about money management early in life sets the foundation for financial independence and responsible decision-making as adults. By instilling good financial habits from a young age, kids are better equipped to manage their finances effectively in the future.
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