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News & insights

Young Persons' Money Index


The Young Persons' Money Index is an annual survey that tracks the delivery of finance education in schools in the UK. It also examines the attitudes, behaviors and experiences of UK students in relation to money and personal finance.

For the 2018 edition we surveyed more than 2,000 young people aged 15-18 on their access to financial education, their confidence and behavior with money, their use of financial services and their levels of financial capability and knowledge.

“While more students than ever before report that they receive financial education at school, the amount of time being spent on financial education in school is dropping dramatically.”

2018 findings

This year’s research suggests that financial education in schools is happening too infrequently to make an impact – leaving young people ill-prepared for adult life and worrying about money.

While the numbers of young people reporting they receive financial education in school has jumped, to 62% (2017: 44%), the amount of time spent on financial education has dropped dramatically. Only 33% say they had a lesson ‘in the last month’, compared to 43% in 2017. Worryingly, 14% said their most recent lesson was ‘in the last term’ and for 23% it had been a year or more since they’d had any financial education.

Our research also found that including financial education in broader subjects is the most common delivery method, with PHSE, Maths and Citizenship being the lessons of choice for schools. Very few (3%) report having dedicated personal finance lessons.

More young people say they worry about money – 71% in total (2017: 62%), increasing to 81% in the 17-18 age group – and increasing numbers say they are being exposed to scams. And most young people – 83% – say they want to learn more about money in school (2017: 76%).

Our comments

Alison Pask, our MD of Financial Capability and Community Outreach says:

“Young people need help understanding the practicalities of managing money – day-to-day and for the long term – and teachers need support to deliver that. We need to look at what’s being taught, how that’s being delivered and make sure there’s enough time on the curriculum. Otherwise we risk another generation growing up without the essential knowledge they need to manage money well.”

We’re calling for clearer guidance to be given to teachers about what financial education should cover and for financial education to be allocated a mandatory number of hours – at least an hour a week.

  • We are the only specialist provider of personal finance qualifications for children and young people, helping them to develop vital money management skills as part of the national curriculum.
  • As part of the UK Financial Capability Strategy, The Youth Financial Capability Group  has developed Financial Education Planning frameworks to support teachers – particularly those who don’t have the time or resources to deliver specialist qualifications – which is being sent to all schools.



of students say they now receive
financial education in school or at college



of students say they worry about money



of students say they want to learn
more about money in school