Young Enterprise and HSBC UK

“Nearly half of Gen Z, those aged between 14 and 29, have not allocated any money to their savings in the past year”

“two-thirds also expressed worry over spending money”

“Over 40 per cent said their spending is to make them feel better emotionally”

“55 per cent confirmed feeling guilty when spending”

“64 per cent of 16 to 19 year olds worrying about spending”

“50 per cent feeling guilt when doing so”

“over one in five saying they would feel embarrassed asking for help with budgeting”

“Nearly two-thirds of people across the UK feel the financial education they received during education failed to prepare them for managing money in later life”