Good news on UK Financial Capability

A major new study published in August 2016 by the UK’s Money Advice Service highlights that people are changing their financial behaviours and developing positive habits to deal with money matters.

‘The Financial Capability of the UK’  points to evidence of how millions of people are adapting to deal with tough economic times, and working hard to manage their money. It says that 49% of adults are concerned about their finances but the evidence also shows how people have become more diligent  about their money matters and suspicious of financial scams.

67% agree that we are ‘very organised when it comes to managing money’. People are also checking bank statements more carefully – 54% of adults say they regularly check all incomings and outgoings on their bank statements to keep track of their money; and 40% look for suspicious transactions.

Furthermore, 85% of adults say they are saving – always a good sign that people are thinking to the future and being more responsible!

 

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