Being money savvy is necessary, but not cool, say millennials
This article is for information only and no recommendation is being made or should be construed from the contents of the article. Always seek independent financial advice prior to taking any action.
In a recent survey from the government-led Money Advice Service, it was a common held view amongst 16-25 year olds that it was considered ‘boring’ to be good at money management and having a social life was considered to be more important.
However, the good news is that this group of young people do understand the importance of organising and managing their finances. According to the survey, the biggest barriers seem to be the lack of financial education within schools and the uncertainty of where to go for money advice.