By Robert Lewis – Celtic Financial Planning Ltd.
Financial education is more than just understanding how to budget or invest—it’s about giving individuals and businesses the confidence and knowledge to make informed decisions that shape their future. However, research shows that financial literacy remains a significant issue in the UK, impacting people’s long-term security and financial wellbeing.
The Financial Literacy Gap
According to the OECD/INFE 2020 International Survey of Adult Financial Literacy, only 24% of UK adults can correctly answer questions on basic financial concepts such as interest, inflation, and risk diversification. Additionally, one in three UK adults (34%) has no savings at all (Source: Money & Pensions Service).
The lack of financial education leads to:
- Poor retirement planning and inadequate pensions
- Over-reliance on debt and high-cost credit
- Missed investment opportunities
- Increased stress and financial anxiety
For businesses, this also has a knock-on effect. Employees struggling with financial difficulties are twice as likely to experience reduced productivity and increased absenteeism (Source: CIPD). This makes financial education a key factor in building a resilient workforce.
Bridging the Gap: Why It Matters More Than Ever
As Chartered Financial Planners, we’ve been delivering financial education workshops and seminars for businesses for over a decade. The goal? To empower individuals with the knowledge they need to take control of their financial future—whether that’s planning for retirement, managing investments, or simply understanding their financial options.
Since the COVID-19 pandemic, financial resilience has become a pressing issue, and I firmly believe financial education is the best way to:
- Reduce financial stress and improve overall wellbeing
- Help individuals make smarter long-term financial decisions
- Support businesses in improving employee engagement and retention
How we Help
If you’re a business owner or professional looking to support your employees’ financial wellbeing, investing in financial education isn’t just the right thing to do—it’s a strategic decision that benefits everyone.
Let’s start the conversation.
Get in touch to learn more about financial education workshops and support.
Celtic Financial Planning Ltd is authorised and regulated by the Financial Conduct Authority 809204.
