financial confidence

Young adults struggling with financial confidence

13th November 2024 Consumer Collections | #financial confidence

New research from Pay.UK, owner and operator of the Current Account Switch Service, reveals a stark generational divide in financial confidence and knowledge across the UK. Younger generations, particularly Gen Z, reveal lower levels of financial competence, with only 26% able to correctly calculate compound interest and just 35% understanding how savings accounts work. In…

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financial confidence

Young adults struggling with financial confidence

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