17 Jan 2018 | Posted In Money advice news

The Money Advice Service’s report into Young Adults and Money Management: behaviours, attitudes and useful rules of thumb looks at how young adults transitioning from education into the workforce think about money, and its role in how they feel about their lives – it is viewed as an essential part of reaching their aspirations.

The insights in this report give a richer understanding of how young adults engage with their finances. It finds that most young adults would welcome tips and guidance to help them manage their money. Money management tips that are achievable and relate to their own context are the most well received by young adults.

We call on consumer, youth and students bodies, educators, financial services and other services to apply and build on these Rules of Thumb in their daily interactions with the young adults they serve.

The full report can be found here.