Fiducia Re-Starts Schools Initiative Programme

Not everyone likes to discuss their personal finances, but could this problem be down to the lack of understanding of finance across the UK? According to the S&P Global Financial Literacy Survey, only 1 in 3 adults are financially literate worldwide. With stats like this in circulation, here at Fiducia we are planning to help improve the numbers by re-launching our Schools Initiative programme.

If you do not think financial literacy is a problem in the UK, here are some further stats to think about:

• 88% of adults don’t feel confident in their own financial literacy with more women (91%) acknowledging their lack of confidence
• 45% of people say dealing with their finances has a negative impact on their health
• The top five cities and the percentage of residents admitting financial stress are; London 55%, Belfast 44%, Plymouth 43%, Bristol 42%, Glasgow 42%
• 91% of people say they lack the knowhow where investments are concerned