Understanding the profile of those most at risk of detriment as a result of low financial capability: Analysis of the Money Advice Service Financial Capability Survey
Authors: David Hayes, Sharon Collard and Elaine Kempson
Funded by: Money Advice Service
Published by: Money Advice Service
Publication date: March 2015
The Personal Finance Research Centre was commissioned to conduct an analysis of the Money Advice Service’s (the Service’s) Financial Capability Survey. The aim of this research was to provide a better understanding of the profile of those individuals most at risk of detriment as a result of low financial capability. The Service commissioned the analysis in February 2014 to help inform the early stages of the development of the Financial Capability Strategy for the UK.