Young less able to manage their finances - FSA

The launch of a programme, which is designed to help more than 10 million people over the next five years, follows an FSA survey – Establishing a Baseline – which reveals even after lower incomes and limited experience are taken into account, those in the 18-40 age group are less financially capable than people born in the mid '60s. The regulator has published a seven-point programme setting out how the National Strategy for Financial Capability will help address the challenge of increasing the financial skills of this age group. It will see financial education, information and advice...