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Only two in five young adults are financially literate

16th May 2023 Consumer Collections | #feature main #financial literacy

A majority of young people enter adulthood ‘financially illiterate’, suggesting they are poorly equipped to make good financial decisions in later life according to new research from Compare the Market and MyBnk. The research suggests that 3.4 hours of financial education each month could significantly boost financial literacy for young people in the UK. Almost…

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Only two in five young adults are financially literate

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