Quarter of adults have low levels of confidence in managing money: FCA

According to the latest version of the FCA's Financial Lives Survey, published yesterday (26 July), 8.4 million adults rated their confidence in working with numbers as 'low' and had ‘poor' to ‘moderate' financial numeracy, the FCA noted. Almost two thirds (63%) of those who gave themselves low scores on confidence in working with numbers also gave themselves low scores on confidence in managing money, with just 10% giving high scores for it. Overall, 38% of adults rated their knowledge of financial matters as low, which is unchanged from 2020. Adults who had low confidence in work...