Nearly half of UK adults say they need urgent help managing their day-to-day finances as the cost of living crisis and rising energy bills threaten to plunge millions of household budgets into the red.
As financial pressures multiplied, 44 per cent of adults said they would be in much better shape financially if they had been taught basic money management skills such as budgeting.
Problems were particularly acute among young people, with more than two-thirds, 68 per cent, saying a lack of money management skills had been a key factor in driving them into debt.
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