We believe financial confidence is a cornerstone of a secure and independent life.
Yet today, far too many young people in the UK are growing up without the knowledge or tools to manage money effectively.
Only two in five young adults are considered financially literate. Almost half of Gen Zs live pay cheque to pay cheque and many fear they may never achieve financial stability. Against the backdrop of the UK’s cost of living crisis, this lack of financial education can lead to a lifetime of hardship – from problem debt and poverty to poor mental health.
That’s why we’re proud to partner with Money Ready, the youth financial education charity formerly known as MyBnk.
Sources: Money Ready / MyBnk (2023), Young Minds (2022), Deloitte (2022), UK Parliament (2024), Centre for Social Justice (2002)
About Money Ready
Since 2007, Money Ready has worked to transform the financial futures of young people across the UK. Using engaging workshops and interactive digital tools, they have already reached over 337,000 children and young adults under 25, equipping them with the skills to make sound financial decisions.
In the 2024-25 financial year, Money Ready delivered 2,357 programmes to more than 58,000 young people, working with 650 delivery organisations to bring financial education to where it's needed most. Their impact is proven and independently audited:
- £5.57 in social value created for every £1 invested in London programmes (even higher outside London).
- 60% drop in debts among participants compared with peers, whose average debts rose by 50%.
- 23% increase in regular savers, alongside measurable improvements in financial confidence, life satisfaction and digital literacy.
About our partnership
Through funding from the Rathbones Group Foundation, we are supporting a series of “Young people in need” workshops each year, delivered by Money Ready, in UK cities with the highest levels of deprivation.
These intensive sessions are designed for 18–25 year-olds at critical transition points – such as those leaving care, facing unemployment or homelessness, or re-entering society after prison.
Through practical modules on income, taxes and deductions, budgeting, bank accounts and borrowing, participants learn how to:
- Earn and manage income confidently
- Understand payslips, taxes and pensions
- Budget and plan for essential spending
- Build savings habits and maintain a healthy credit score
- Avoid unsustainable debt and know where to seek help
Building resilience and opportunity
People with higher financial literacy are more resilient to income shocks, more likely to save for the future and less likely to fall into problem debt. By supporting Money Ready’s work, we aim to break cycles of poverty and disadvantage – helping young people build the confidence and capability to thrive.
Together, we are giving young people the skills, knowledge and confidence to create financially secure, independent futures.
Support Money Ready
There are a number of ways to engage with Young Enterprise and its vital work:
