MALG member R3, the insolvency and restructuring trade body, has published a briefing showing that just one in ten (10%) British adults say they have received useful advice about personal finance through their school or college.
The findings come from research conducted by R3 with over 2,000 adults and is based on R3’s February 2017 Personal Debt Snapshot, which also highlights that 11% say the advice they received via public education was not useful.
With the government having announced a consultation on making personal, social, health and economic (PSHE) education compulsory in schools, R3 says there is an opportunity to improve financial education as part of this.