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.
Share of children who understand financial terms in the United Kingdom (UK) as of 2014 and 2015
Halifax is part of the Lloyds Banking Group.
The question read as follows: "If somebody asked you to explain what the following words mean, which ones, if any, do you think you would be able to explain?".
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Lloyds Banking Group. (July 10, 2015). Share of children who understand financial terms in the United Kingdom (UK) as of 2014 and 2015 [Graph]. In Statista. Retrieved November 10, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/463124/financial-understanding-children-united-kingdom/
Lloyds Banking Group. "Share of children who understand financial terms in the United Kingdom (UK) as of 2014 and 2015." Chart. July 10, 2015. Statista. Accessed November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/463124/financial-understanding-children-united-kingdom/
Lloyds Banking Group. (2015). Share of children who understand financial terms in the United Kingdom (UK) as of 2014 and 2015. Statista. Statista Inc.. Accessed: November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/463124/financial-understanding-children-united-kingdom/
Lloyds Banking Group. "Share of Children Who Understand Financial Terms in The United Kingdom (Uk) as of 2014 and 2015." Statista, Statista Inc., 10 Jul 2015, https://www-statista-com.ezproxy.canberra.edu.au/statistics/463124/financial-understanding-children-united-kingdom/
Lloyds Banking Group, Share of children who understand financial terms in the United Kingdom (UK) as of 2014 and 2015 Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/463124/financial-understanding-children-united-kingdom/ (last visited November 10, 2024)
Share of children who understand financial terms in the United Kingdom (UK) as of 2014 and 2015 [Graph], Lloyds Banking Group, July 10, 2015. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/463124/financial-understanding-children-united-kingdom/
