It says half. 1 in 2. 50%. However you write it, it is rather daunting to acknowledge.
That’s 1 in 2 who need help. 1 in 2 that have recognised they need help.
According to the FT, “Financial education must be seen as a core element of the government’s skills agenda and must be firmly embedded in our education system,” said Robert Halfon MP, chair of the education select committee.”
Now comes the hard part. Who is doing the educating? It will take years for the government to introduce systems of education. This means it falls on those services being provided at a fee. That brings even more problems in understanding the quality of services, together with pricing.
Everyone can start reading more and watching YouTube. It’s not perfect, but it’s a start. Find people you can talk to whose job is not selling investments.