Financial capability in Great Britain, 2010 to 2012

Authors: Andrea Finney and David Hayes
Funded by: Office for National Statistics
Published by: Office for National Statistics
Publication date: June 2015

Financial capability describes the skills, knowledge and behaviours individuals need to make informed decisions and take positive action about their finances. This report describes the results of analysis of the third wave of the Wealth and Assets Survey (relating to 2010-12) to define and measure financial capability in Great Britain, drawing on a module of questions included in the survey for the first time. The questions were based on the first national measure of financial capability undertaken in 2005 for the Financial Services Authority and informed by more recent analysis for the Money Advice Service.

A total of 18 measures mapped onto six emerging dimensions of financial capability:

The reports describes levels of financial capability among adults in the general population across these dimensions and by key characteristics, and explores the characteristics that independently relate to low capability on multiple dimensions.


Financial capability in Great Britain, 2010 to 2012 (PDF, 360kB) 
Financial capability in Great Britain, 2010 to 2012 - Tables (Office document, 239kB)


Edit this page