Poor financial literacy costs you over £2,000 a year—here’s the impact:

• £4,287 in unsecured debt per UK adult (Aug 2024).

• £34,536 in average total debt per adult.

• 13 years to save for a first-time home deposit.

• 27 years to clear credit card debt with minimum payments.

• 1 person every 4 minutes declared insolvent in England and Wales.

• £430 extra per year—the “poverty premium” low-income households pay on essentials.

• £44,940 average student debt.

• 1.1 million UK adults without a bank account.

• £5,500 less saved on average by those with low financial literacy.

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Financial literacy isn’t just a nice-to-have; it’s essential. Investing in financial education can save individuals thousands each year and empower them to make confident, informed decisions that lead to a more secure future.