Less than half (47%) of children and teenagers aged seven to 17 have received a meaningful financial education, according to a government-backed body.
The Money and Pensions Service (MaPS) estimates from its findings that around 5.4 million children across the UK do not have the money skills they will need in adulthood.
Children living in social housing, rural areas and in lower income households were found to be less likely to have received a meaningful financial education.
