Stay ahead of the curve and future-proof your business with Mintel’s UK Financial Education Market Report 2023. Our full report is packed with consumer-led market intelligence, the latest consumer financial education research, trends and consumer behaviours affecting your business. Get a 360° view of the financial education market including market size, share and forecasted growth to help you align your business strategy with the needs of your audience.
Below, we’ve handpicked the key insights analysed in the full report and summarised the core topics.
Consumer financial education was part of the financial services industry’s response to consumer uncertainties and anxiety during the COVID-19 pandemic and subsequent cost of living crisis. These events allowed providers to demonstrate a more customer-centric approach and establish support services that will evolve in future.
Support parents in educating their children
The majority of parents want to instill good money habits in their children. However, many need to be equipped to do so. With rapidly evolving technology, providers can assist parents by providing education programmes, tools and resources to help open up discussions about family finances.
Build confidence and engagement among young women
Women under 35 are among the least confident in their financial knowledge. However, a lack of confidence doesn’t mean young women don’t want to engage in or improve their finances. A more targeted approach to budgeting tools backed up by aspirational messaging could increase engagement.
Purchase our UK Financial Education Report to receive a five-year forecast, consumer behaviour analysis, and recommendations for market opportunities. Readers of this report may also be interested in our UK Consumer Attitudes towards Debt and Credit Market Report 2023, or our range of Personal Finance Market Research.
Nationwide, Lloyds Banks, Barclays, NatWest, Money Charity, Zopa, HSBC, Yorkshire Building Society.
This report, written by Debbie Osguthorpe, a leading research analyst, delivers in-depth commentary and analysis to highlight trends in the financial education market and add expert context to the numbers.
Consumer financial education will increasingly become embedded within the customer experience as Consumer Duty rules place greater emphasis on understanding and support.
Debbie Osguthorpe
Global Analyst
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