Older generations felt much more knowledgeable about financial matters than younger ones in the UK in 2024. Nearly ** percent of respondents in each age group believed they were well-informed about finances, with over ** percent of each group considering themselves very knowledgeable. In contrast, only a ***** of young adults aged 18 to 24 felt confident about financial matters, and just ** percent reported having extensive knowledge.
The original question was phrased by the source as follows: "How knowledgeable would you say you are about financial matters?"
The confidence levels are categories created by Statista based on the numerical responses from the original survey, which used a 0-10 scale, where 0 = not confident at all and 10 = completely confident.
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Financial Conduct Authority. (May 15, 2025). Financial knowledge in the United Kingdom (UK) in 2024, by age [Graph]. In Statista. Retrieved July 08, 2025, from https://www.statista.com/statistics/1615793/financial-knowledge-by-age-uk/
Financial Conduct Authority. "Financial knowledge in the United Kingdom (UK) in 2024, by age." Chart. May 15, 2025. Statista. Accessed July 08, 2025. https://www.statista.com/statistics/1615793/financial-knowledge-by-age-uk/
Financial Conduct Authority. (2025). Financial knowledge in the United Kingdom (UK) in 2024, by age. Statista. Statista Inc.. Accessed: July 08, 2025. https://www.statista.com/statistics/1615793/financial-knowledge-by-age-uk/
Financial Conduct Authority. "Financial Knowledge in The United Kingdom (Uk) in 2024, by Age." Statista, Statista Inc., 15 May 2025, https://www.statista.com/statistics/1615793/financial-knowledge-by-age-uk/
Financial Conduct Authority, Financial knowledge in the United Kingdom (UK) in 2024, by age Statista, https://www.statista.com/statistics/1615793/financial-knowledge-by-age-uk/ (last visited July 08, 2025)
Financial knowledge in the United Kingdom (UK) in 2024, by age [Graph], Financial Conduct Authority, May 15, 2025. [Online]. Available: https://www.statista.com/statistics/1615793/financial-knowledge-by-age-uk/
