{"id":1606,"date":"2016-10-26T08:29:28","date_gmt":"2016-10-26T08:29:28","guid":{"rendered":"http:\/\/www.fpgonline.co.uk\/?p=1606"},"modified":"2023-09-19T11:08:06","modified_gmt":"2023-09-19T11:08:06","slug":"what-is-a-bank","status":"publish","type":"post","link":"https:\/\/www.fpgonline.co.uk\/index.php\/what-is-a-bank\/","title":{"rendered":"Younger People Unsure Of What A Bank Actually Is"},"content":{"rendered":"<div class=\"panel-pane pane-node-title\">\n<div class=\"pane-content\">\n<p>New research of British adults reveals that, among 18-24 year olds, 37% feel unsure of what a bank is and 83% of this age group also felt unable to explain what sustainable investments are.<\/p>\n<\/div>\n<\/div>\n<div class=\"panel-pane pane-node-body\">\n<div class=\"pane-content\">\n<div class=\"field field-name-body field-type-text-with-summary field-label-hidden\">\n<div class=\"field-items\">\n<div class=\"field-item even\">\n<p><strong>\u00a0<\/strong>An independent poll by YouGov surveying British adults aged 18+ \u2013 commissioned by the UK Sustainable Investment and Finance Association (UKSIF) ahead of Good Money Week (19 \u201325 October), reveals that a large proportion of younger adults (18-24 year olds) feel unsure of a number of financial terms, with a particularly large majority (83%) being unable to explain what sustainable investments are.<\/p>\n<p>Good Money Week, the campaign to raise awareness of sustainable, responsible and ethical finance, hopes to engage with young people, and students in particular, to help them understand the financial choices that are available and the importance of making sure they are happy with how their money is being used.<\/p>\n<p><strong>Lisa Stonestreet, Programme Director and Good Money Week Project Manager, UKSIF, said:<\/strong><br \/>\n<em>\u201cA key aspect of Good Money Week is to empower people when it comes to asking questions about how their money is being used. In particular this year we are hoping to help young people understand that they have a voice when it comes to where their money is going. The Week is an opportunity to make sure that the people they trust with their money are using it in ways that benefit society and protect the environment.\u201d \u00a0<\/em><\/p>\n<p><strong>Debbie Pippard, Head of Programmes at Barrow Cadbury Trust said:<\/strong><br \/>\n<em>\u00a0\u201cThe UKSIF poll has revealed a worryingly low level of knowledge amongst 18-24 year olds about\u00a0the finance and investment sector.\u00a0 Good Money Week is a fantastic starting point for engaging students and young people, giving them the tools to make informed decisions about how their money is used.\u201d<\/em><\/p>\n<p><strong>Lily Lapenna, CEO of youth financial education charity MyBnk said:<\/strong><br \/>\n<em>\u201cUnfortunately these findings come as little surprise \u2013 for years the UK has educated young people into debt and money lessons have only just now become compulsory in secondary schools. There is much to do and Good Money Week highlights the critical role financial services have to play. Only this way can we achieve true financial literacy so young people can save, avoid unsustainable debt and make informed decisions. Get curious, ask questions and seek help\u201d.<\/em><\/p>\n<p><strong>The Good Money Week \u2018Life of a Fiver\u2019 infographic and other Good Money Week resources for students are available here:\u00a0\u00a0<a href=\"http:\/\/goodmoneyweek.com\/students\">http:\/\/goodmoneyweek.com\/students<\/a>.<\/strong><\/p>\n<p><strong>The Financial Planning Group we\u00a0will\u00a0once again be supporting Good Money Week\u2019s campaign and\u00a0will be offering a free consultation for investors wishing to find out more during Good Money Week, so please call us on 0800 731 7614 to arrange an appointment at our office in the heart of Teddington.<\/strong><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>New research of British adults reveals that, among 18-24 year olds, 37% feel unsure of what a bank is and 83% of this age group also felt unable to explain what sustainable investments are. \u00a0An independent poll by YouGov surveying British adults aged 18+ \u2013 commissioned by the UK Sustainable Investment and Finance Association (UKSIF) [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-1606","post","type-post","status-publish","format-standard","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Younger People Unsure Of What A Bank Actually Is - The Financial Planning Group<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.fpgonline.co.uk\/index.php\/what-is-a-bank\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Younger People Unsure Of What A Bank Actually Is - The Financial Planning Group\" \/>\n<meta property=\"og:description\" content=\"New research of British adults reveals that, among 18-24 year olds, 37% feel unsure of what a bank is and 83% of this age group also felt unable to explain what sustainable investments are. \u00a0An independent poll by YouGov surveying British adults aged 18+ \u2013 commissioned by the UK Sustainable Investment and Finance Association (UKSIF) [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.fpgonline.co.uk\/index.php\/what-is-a-bank\/\" \/>\n<meta property=\"og:site_name\" content=\"The Financial Planning Group\" \/>\n<meta property=\"article:published_time\" content=\"2016-10-26T08:29:28+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-09-19T11:08:06+00:00\" \/>\n<meta name=\"author\" content=\"fpgonline\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"fpgonline\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.fpgonline.co.uk\\\/index.php\\\/what-is-a-bank\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.fpgonline.co.uk\\\/index.php\\\/what-is-a-bank\\\/\"},\"author\":{\"name\":\"fpgonline\",\"@id\":\"https:\\\/\\\/www.fpgonline.co.uk\\\/#\\\/schema\\\/person\\\/ca7cc77e66f7465100af51d9355d408c\"},\"headline\":\"Younger People Unsure Of What A Bank Actually Is\",\"datePublished\":\"2016-10-26T08:29:28+00:00\",\"dateModified\":\"2023-09-19T11:08:06+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.fpgonline.co.uk\\\/index.php\\\/what-is-a-bank\\\/\"},\"wordCount\":456,\"commentCount\":0,\"articleSection\":[\"Latest News &amp; 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