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.
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.Read more
Different life stages have an effect on people's ability to manage their money.