Financial terminology comprehension among children in the UK 2014 and 2015

Share of children who understand financial terms in the United Kingdom (UK) as of 2014 and 2015

by Statista Research Department, last edited Jul 10, 2015
Financial terminology comprehension among children in the UK 2014 and 2015 This statistic shows the share of children in the United Kingdom (UK), who self-evaluated their understanding and ability to explain financial terms as of May 2015. Approximately 56 percent of children in the sample confirmed that they would be able to explain what "loan" and the term "bank account" means.
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Share of children who understand financial terms in the United Kingdom (UK) as of 2014 and 2015

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Share of respondents
Loan56%
Bank account56%
Debt54%
Credit card36%
Debit card36%
Tax26%
Current account22%
Interest rates18%
Overdraft16%
None of the above17%
Share of respondents
Loan56%
Bank account56%
Debt54%
Credit card36%
Debit card36%
Tax26%
Current account22%
Interest rates18%
Overdraft16%
None of the above17%
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by Statista Research Department, last edited Jul 10, 2015
This statistic shows the share of children in the United Kingdom (UK), who self-evaluated their understanding and ability to explain financial terms as of May 2015. Approximately 56 percent of children in the sample confirmed that they would be able to explain what "loan" and the term "bank account" means.
Show more
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