Evaluation Scotland Wales

58% of adults aged 18-24 with bills or credit commitments struggle to keep up, are falling behind or have fallen behind with their commitments

Young adults

The transition into independent living and the working environment between the ages of 16 and 24 is a critical period in a young adult’s life. It presents new challenges and requires financial decisions to be made that could have a major impact on their future adult lives.

Latest News

  • Friday 2 August 2019

    Developing financial rules of thumb: MAS responds to the Financial Advice Market Review

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Financial capability in action

Is there a link between financial capability and social mobility?

The National Youth Agency has published a report that explores whether better financial capability can improve the social mobility of disadvantaged young people.

Download the report

How can we improve the financial capability of young adults?

Research indicates a number of techniques that are helpful in getting young adults to engage with money guidance.

View the evidence

How young adults perceive credit

The Money Advice Service undertook research alongside partner organisations on how young adults perceive and use credit, and what money management tips they would find useful.

Download the report

Young adults strategy

A key aim of The Strategy will be to listen to and understand more fully the differing capabilities of, or barriers faced by, young adults. Then, to enable more effective, sustainable and engaging financial capability approaches to be developed to help young adults with welfare reform, further and higher education funding, and changes in the jobs market, such as an increase in apprenticeships.

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Life stages across the UK