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Lack of financial knowhow 'could cost economy billions'


Generic stock photo to illustrate going through your personal finances. See PA Feature FINANCE Money Lessons. Picture credit should read: iStock/PA. WARNING: This picture must only be used to accompany PA Feature FINANCE Money Lessons..
A LACK of financial skills is set to cost the economy £108billion over a generation – and is leaving many adults feeling they are not in control of their money.
Those are among the “harrowing” findings of research by NatWest, which has made financial capability a “purpose pillar”.
The bank has set a target to reach 2.5million people to improve their financial capability and intends to help another two million start saving by 2023. ....

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