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Financial Literacy Report

Claro Wellbeing finds that millions of people do not have the skills or confidence to manage their money, and that is having a serious impact on their wellbeing

Claro Wellbeing’s survey of 1,000 UK adults reveals that far too many people were not taught about money growing up. Now, it's having a serious impact on their wellbeing and their wallets. 

Key findings

  • 15% of adults do not have the basic knowledge to make the most of their money
  • 31% never or rarely save
  • 49% rely on credit cards to increase their monthly budget
  • Better financial education means more confident, happier and less anxious staff – 38% of respondents said that better financial education would enable them to understand how to improve their financial situation in later life. 

In partnership with Claro Wellbeing

A financial wellbeing benefit to support your team where it matters most

Contact us today

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Webinar: Multinational benefits strategies that will mitigate business risk

Protecting the health and resilience of your people and your organisation

Wed 15 May | 10.00 - 11.00 (BST)

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